REI Lense

REI Lense

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$2,290 (target)

10815 State Highway 56, Sherman, TX 75090

3 beds • 2 baths • 1689 sqft

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This property looks like a bad Mid-Term investment with a projected -8.59% first-year return on $86,712 initial cash invested.

-8.59%

Cash On Cash

4.08%

Cap Rate

0.68

DSCR

$2,290

Rent

-$621

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,290 income − $2,911 expenses = $621 out of pocket

Income$2,290Out of Pocket$621Mortgage P&I$1,64272%Property Taxes$35916%Insurance$1306%Management$27512%CapEx$924%Vacancy$693%Maintenance$924%Other$25211%

Investment Breakdown

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Purchase Price

$327k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,712

Downpayment

20%

$65,440

Closing costs

1%

$3,272

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,290

Total Expenses

$2,911

Mortgage P&I

72%

$1,642

Property Taxes

16%

$359

Home Insurance

6%

$130

HOA

0%

$0

Property Management

12%

$275

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$252

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