REI Lense

REI Lense

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$1,438 (target)

1103 E 12th Ave, Corsicana, TX 75110

3 beds • 2 baths • 1105 sqft

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This property looks like a bad Long-Term investment with a projected -13.64% first-year return on $49,350 initial cash invested.

-13.64%

Cash On Cash

3.82%

Cap Rate

0.61

DSCR

$1,438

Rent

-$561

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,438 income − $1,999 expenses = $561 out of pocket

Income$1,438Out of Pocket$561Mortgage P&I$1,23886%Property Taxes$30521%Insurance$826%Management$14410%CapEx$725%Vacancy$866%Maintenance$725%

Investment Breakdown

|

Purchase Price

$235k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,350

Downpayment

20%

$47,000

Closing costs

1%

$2,350

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,438

Total Expenses

$1,999

Mortgage P&I

86%

$1,238

Property Taxes

21%

$305

Home Insurance

6%

$82

HOA

0%

$0

Property Management

10%

$144

CapEx

5%

$72

Vacancy

6%

$86

Maintenance

5%

$72

Other

0%

$0

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