REI Lense

REI Lense

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$3,304 (target)

112 Burkett Ln, Red Oak, TX 75154

3 beds • 2 baths • 1624 sqft

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This property looks like a bad Mid-Term investment with a projected -0.41% first-year return on $87,300 initial cash invested.

-0.41%

Cash On Cash

6.36%

Cap Rate

1.06

DSCR

$3,304

Rent

-$30

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,304 income − $3,334 expenses = $30 out of pocket

Income$3,304Out of Pocket$30Mortgage P&I$1,64850%Property Taxes$44814%Insurance$1164%Management$39612%CapEx$1324%Vacancy$993%Maintenance$1324%Other$36311%

Investment Breakdown

|

Purchase Price

$330k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,300

Downpayment

20%

$66,000

Closing costs

1%

$3,300

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,304

Total Expenses

$3,334

Mortgage P&I

50%

$1,648

Property Taxes

14%

$448

Home Insurance

4%

$116

HOA

0%

$0

Property Management

12%

$396

CapEx

4%

$132

Vacancy

3%

$99

Maintenance

4%

$132

Other

11%

$363

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