REI Lense

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$2,302 (target)

113 Bridlegate Dr, McKinney, TX 75069

3 beds • 2 baths • 1261 sqft

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This property looks like a bad Mid-Term investment with a projected -10.61% first-year return on $85,200 initial cash invested.

-10.61%

Cash On Cash

4.12%

Cap Rate

0.62

DSCR

$2,302

Rent

-$753

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,302 income − $3,055 expenses = $753 out of pocket

Income$2,302Out of Pocket$753Mortgage P&I$1,76176%Property Taxes$40017%Insurance$1125%Management$27612%CapEx$924%Vacancy$693%Maintenance$924%Other$25311%

Investment Breakdown

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Purchase Price

$320k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,200

Downpayment

20%

$64,000

Closing costs

1%

$3,200

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,302

Total Expenses

$3,055

Mortgage P&I

77%

$1,761

Property Taxes

17%

$400

Home Insurance

5%

$112

HOA

0%

$0

Property Management

12%

$276

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$253

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