REI Lense

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$3,368 (target)

1038 Manuel Dr, Fate, TX 75087

3 beds • 2 baths • 1600 sqft

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This property looks like a bad Mid-Term investment with a projected -3.05% first-year return on $84,675 initial cash invested.

-3.05%

Cash On Cash

5.71%

Cap Rate

0.95

DSCR

$3,368

Rent

-$215

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,368 income − $3,583 expenses = $215 out of pocket

Income$3,368Out of Pocket$215Mortgage P&I$1,59047%Property Taxes$67420%Insurance$1143%HOA$602%Management$40412%CapEx$1354%Vacancy$1013%Maintenance$1354%Other$37011%

Investment Breakdown

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Purchase Price

$318k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,675

Downpayment

20%

$63,500

Closing costs

1%

$3,175

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,368

Total Expenses

$3,583

Mortgage P&I

47%

$1,590

Property Taxes

20%

$674

Home Insurance

3%

$114

HOA

2%

$60

Property Management

12%

$404

CapEx

4%

$135

Vacancy

3%

$101

Maintenance

4%

$135

Other

11%

$370

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