REI Lense

REI Lense

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$3,008 (target)

1117 Mill River Dr, Garland, TX 75043

3 beds • 2 baths • 1338 sqft

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This property looks like a bad Mid-Term investment with a projected -2.02% first-year return on $78,270 initial cash invested.

-2.02%

Cash On Cash

6.23%

Cap Rate

0.99

DSCR

$3,008

Rent

-$132

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,008 income − $3,140 expenses = $132 out of pocket

Income$3,008Out of Pocket$132Mortgage P&I$1,50150%Property Taxes$51717%Insurance$1003%Management$36112%CapEx$1204%Vacancy$903%Maintenance$1204%Other$33111%

Investment Breakdown

|

Purchase Price

$287k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,270

Downpayment

20%

$57,400

Closing costs

1%

$2,870

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,008

Total Expenses

$3,140

Mortgage P&I

50%

$1,501

Property Taxes

17%

$517

Home Insurance

3%

$100

HOA

0%

$0

Property Management

12%

$361

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$331

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