REI Lense

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$1,992 (target)

113 Westridge Dr, Springtown, TX 76082

3 beds • 2 baths • 1259 sqft

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This property looks like a bad Long-Term investment with a projected -9.15% first-year return on $49,182 initial cash invested.

-9.15%

Cash On Cash

4.95%

Cap Rate

0.78

DSCR

$1,992

Rent

-$375

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,992 income − $2,367 expenses = $375 out of pocket

Income$1,992Out of Pocket$375Mortgage P&I$1,24162%Property Taxes$52326%Insurance$844%Management$19910%CapEx$1005%Vacancy$1206%Maintenance$1005%

Investment Breakdown

|

Purchase Price

$234k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,182

Downpayment

20%

$46,840

Closing costs

1%

$2,342

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,992

Total Expenses

$2,367

Mortgage P&I

62%

$1,241

Property Taxes

26%

$523

Home Insurance

4%

$84

HOA

0%

$0

Property Management

10%

$199

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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