REI Lense

REI Lense

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$1,686 (target)

1102 Oaklawn Dr, Corsicana, TX 75110

3 beds • 2 baths • 1618 sqft

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This property looks like a bad Long-Term investment with a projected -7.9% first-year return on $47,229 initial cash invested.

-7.9%

Cash On Cash

4.91%

Cap Rate

0.8

DSCR

$1,686

Rent

-$311

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,686 income − $1,997 expenses = $311 out of pocket

Income$1,686Out of Pocket$311Mortgage P&I$1,14768%Property Taxes$33320%Insurance$795%Management$16910%CapEx$845%Vacancy$1016%Maintenance$845%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,229

Downpayment

20%

$44,980

Closing costs

1%

$2,249

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,686

Total Expenses

$1,997

Mortgage P&I

68%

$1,147

Property Taxes

20%

$333

Home Insurance

5%

$79

HOA

0%

$0

Property Management

10%

$169

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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