REI Lense

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$2,265 (target)

105 Elmwood Trl, Forney, TX 75126

3 beds • 2 baths • 1806 sqft

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This property looks like a bad Long-Term investment with a projected -10.07% first-year return on $62,580 initial cash invested.

-10.07%

Cash On Cash

4.38%

Cap Rate

0.73

DSCR

$2,265

Rent

-$525

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,265 income − $2,790 expenses = $525 out of pocket

Income$2,265Out of Pocket$525Mortgage P&I$1,49966%Property Taxes$55224%Insurance$1055%HOA$462%Management$22610%CapEx$1135%Vacancy$1366%Maintenance$1135%

Investment Breakdown

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Purchase Price

$298k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,580

Downpayment

20%

$59,600

Closing costs

1%

$2,980

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,265

Total Expenses

$2,790

Mortgage P&I

66%

$1,499

Property Taxes

24%

$552

Home Insurance

5%

$105

HOA

2%

$46

Property Management

10%

$226

CapEx

5%

$113

Vacancy

6%

$136

Maintenance

5%

$113

Other

0%

$0

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