REI Lense

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$2,245 (target)

1038 Manuel Dr, Fate, TX 75087

3 beds • 2 baths • 1600 sqft

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This property looks like a bad Long-Term investment with a projected -13.97% first-year return on $66,675 initial cash invested.

-13.97%

Cash On Cash

3.5%

Cap Rate

0.58

DSCR

$2,245

Rent

-$776

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,245 income − $3,021 expenses = $776 out of pocket

Income$2,245Out of Pocket$776Mortgage P&I$1,59071%Property Taxes$67430%Insurance$1145%HOA$603%Management$22410%CapEx$1125%Vacancy$1356%Maintenance$1125%

Investment Breakdown

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Purchase Price

$318k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,675

Downpayment

20%

$63,500

Closing costs

1%

$3,175

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,245

Total Expenses

$3,021

Mortgage P&I

71%

$1,590

Property Taxes

30%

$674

Home Insurance

5%

$114

HOA

3%

$60

Property Management

10%

$224

CapEx

5%

$112

Vacancy

6%

$135

Maintenance

5%

$112

Other

0%

$0

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