REI Lense

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$2,426 (target)

110 Waterview Pkwy, Red Oak, TX 75154

3 beds • 2 baths • 1920 sqft

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This property looks like a bad Long-Term investment with a projected -7.88% first-year return on $65,184 initial cash invested.

-7.88%

Cash On Cash

4.94%

Cap Rate

0.81

DSCR

$2,426

Rent

-$428

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,426 income − $2,854 expenses = $428 out of pocket

Income$2,426Out of Pocket$428Mortgage P&I$1,58565%Property Taxes$52822%Insurance$1105%Management$24310%CapEx$1215%Vacancy$1466%Maintenance$1215%

Investment Breakdown

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Purchase Price

$310k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,184

Downpayment

20%

$62,080

Closing costs

1%

$3,104

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,426

Total Expenses

$2,854

Mortgage P&I

65%

$1,585

Property Taxes

22%

$528

Home Insurance

5%

$110

HOA

0%

$0

Property Management

10%

$243

CapEx

5%

$121

Vacancy

6%

$146

Maintenance

5%

$121

Other

0%

$0

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