REI Lense

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$2,520 (target)

1007 Mitchell Ln, Burleson, TX 76028

3 beds • 2 baths • 1261 sqft

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This property might be a fair Mid-Term investment with a projected 2.34% first-year return on $60,945 initial cash invested.

2.34%

Cash On Cash

7.54%

Cap Rate

1.21

DSCR

$2,520

Rent

$119

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,520 income − $2,401 expenses = $119 cash flow

Income$2,520Mortgage P&I$1,06542%Property Taxes$40716%Insurance$723%Management$30212%CapEx$1014%Vacancy$763%Maintenance$1014%Other$27711%Cash Flow$119

Investment Breakdown

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Purchase Price

$205k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,945

Downpayment

20%

$40,900

Closing costs

1%

$2,045

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,520

Total Expenses

$2,401

Mortgage P&I

42%

$1,065

Property Taxes

16%

$407

Home Insurance

3%

$72

HOA

0%

$0

Property Management

12%

$302

CapEx

4%

$101

Vacancy

3%

$76

Maintenance

4%

$101

Other

11%

$277

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