REI Lense

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$4,606 (target)

1109 Mill Spgs, Richardson, TX 75080

3 beds • 3 baths • 2333 sqft

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This property looks like a bad Mid-Term investment with a projected -13.7% first-year return on $166k initial cash invested.

-13.7%

Cash On Cash

3.68%

Cap Rate

0.56

DSCR

$4,606

Rent

-$1,896

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,606 income − $6,502 expenses = $1,896 out of pocket

Income$4,606Out of Pocket$1,896Mortgage P&I$3,87184%Property Taxes$81318%Insurance$2525%Management$55312%CapEx$1844%Vacancy$1383%Maintenance$1844%Other$50711%

Investment Breakdown

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Purchase Price

$705k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$166k

Downpayment

20%

$141k

Closing costs

1%

$7,049

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,606

Total Expenses

$6,502

Mortgage P&I

84%

$3,871

Property Taxes

18%

$813

Home Insurance

5%

$252

HOA

0%

$0

Property Management

12%

$553

CapEx

4%

$184

Vacancy

3%

$138

Maintenance

4%

$184

Other

11%

$507

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