REI Lense

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$3,398 (target)

105 Elmwood Trl, Forney, TX 75126

3 beds • 2 baths • 1806 sqft

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This property might be a fair Mid-Term investment with a projected 0.6% first-year return on $80,580 initial cash invested.

0.6%

Cash On Cash

6.74%

Cap Rate

1.12

DSCR

$3,398

Rent

$40

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,398 income − $3,358 expenses = $40 cash flow

Income$3,398Mortgage P&I$1,49944%Property Taxes$55216%Insurance$1053%HOA$461%Management$40812%CapEx$1364%Vacancy$1023%Maintenance$1364%Other$37411%Cash Flow$40

Investment Breakdown

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Purchase Price

$298k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,580

Downpayment

20%

$59,600

Closing costs

1%

$2,980

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,398

Total Expenses

$3,358

Mortgage P&I

44%

$1,499

Property Taxes

16%

$552

Home Insurance

3%

$105

HOA

1%

$46

Property Management

12%

$408

CapEx

4%

$136

Vacancy

3%

$102

Maintenance

4%

$136

Other

11%

$374

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