REI Lense

REI Lense

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$2,616 (target)

1038 Colt Rd, Springtown, TX 76082

3 beds • 2 baths • 2044 sqft

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This property looks like a bad Long-Term investment with a projected -13.88% first-year return on $97,954 initial cash invested.

-13.88%

Cash On Cash

3.43%

Cap Rate

0.57

DSCR

$2,616

Rent

-$1,133

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,616 income − $3,749 expenses = $1,133 out of pocket

Income$2,616Out of Pocket$1,133Mortgage P&I$2,33789%Property Taxes$56822%Insurance$1636%Management$26210%CapEx$1315%Vacancy$1576%Maintenance$1315%

Investment Breakdown

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Purchase Price

$466k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,954

Downpayment

20%

$93,290

Closing costs

1%

$4,664

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,616

Total Expenses

$3,749

Mortgage P&I

89%

$2,337

Property Taxes

22%

$568

Home Insurance

6%

$163

HOA

0%

$0

Property Management

10%

$262

CapEx

5%

$131

Vacancy

6%

$157

Maintenance

5%

$131

Other

0%

$0

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