REI Lense

REI Lense

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$2,203 (target)

112 Burkett Ln, Red Oak, TX 75154

3 beds • 2 baths • 1624 sqft

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This property looks like a bad Long-Term investment with a projected -10.06% first-year return on $69,300 initial cash invested.

-10.06%

Cash On Cash

4.28%

Cap Rate

0.71

DSCR

$2,203

Rent

-$581

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,203 income − $2,784 expenses = $581 out of pocket

Income$2,203Out of Pocket$581Mortgage P&I$1,64875%Property Taxes$44820%Insurance$1165%Management$22010%CapEx$1105%Vacancy$1326%Maintenance$1105%

Investment Breakdown

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Purchase Price

$330k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,300

Downpayment

20%

$66,000

Closing costs

1%

$3,300

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,203

Total Expenses

$2,784

Mortgage P&I

75%

$1,648

Property Taxes

20%

$448

Home Insurance

5%

$116

HOA

0%

$0

Property Management

10%

$220

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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