REI Lense

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$3,924 (target)

1038 Colt Rd, Springtown, TX 76082

3 beds • 2 baths • 2044 sqft

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This property looks like a bad Mid-Term investment with a projected -4.96% first-year return on $116k initial cash invested.

-4.96%

Cash On Cash

5.18%

Cap Rate

0.86

DSCR

$3,924

Rent

-$479

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,924 income − $4,403 expenses = $479 out of pocket

Income$3,924Out of Pocket$479Mortgage P&I$2,33760%Property Taxes$56814%Insurance$1634%Management$47112%CapEx$1574%Vacancy$1183%Maintenance$1574%Other$43211%

Investment Breakdown

|

Purchase Price

$466k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$93,290

Closing costs

1%

$4,664

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,924

Total Expenses

$4,403

Mortgage P&I

60%

$2,337

Property Taxes

14%

$568

Home Insurance

4%

$163

HOA

0%

$0

Property Management

12%

$471

CapEx

4%

$157

Vacancy

3%

$118

Maintenance

4%

$157

Other

11%

$432

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