REI Lense

REI Lense

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$2,398 (target)

108 Spring Creek St, Waco, TX 76705

3 beds • 3 baths • 2637 sqft

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This property looks like a bad Long-Term investment with a projected -7.3% first-year return on $54,726 initial cash invested.

-7.3%

Cash On Cash

5.06%

Cap Rate

0.84

DSCR

$2,398

Rent

-$333

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,398 income − $2,731 expenses = $333 out of pocket

Income$2,398Out of Pocket$333Mortgage P&I$1,31155%Property Taxes$63226%Insurance$1647%Management$24010%CapEx$1205%Vacancy$1446%Maintenance$1205%

Investment Breakdown

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Purchase Price

$261k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,726

Downpayment

20%

$52,120

Closing costs

1%

$2,606

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,398

Total Expenses

$2,731

Mortgage P&I

55%

$1,311

Property Taxes

26%

$632

Home Insurance

7%

$164

HOA

0%

$0

Property Management

10%

$240

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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