REI Lense

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$2,074 (target)

114 Freedom Trl, Forney, TX 75126

3 beds • 2 baths • 1832 sqft

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This property looks like a bad Long-Term investment with a projected -11.1% first-year return on $58,800 initial cash invested.

-11.1%

Cash On Cash

4.5%

Cap Rate

0.7

DSCR

$2,074

Rent

-$544

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,074 income − $2,618 expenses = $544 out of pocket

Income$2,074Out of Pocket$544Mortgage P&I$1,49172%Property Taxes$46222%Insurance$985%HOA$281%Management$20710%CapEx$1045%Vacancy$1246%Maintenance$1045%

Investment Breakdown

|

Purchase Price

$280k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,800

Downpayment

20%

$56,000

Closing costs

1%

$2,800

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,074

Total Expenses

$2,618

Mortgage P&I

72%

$1,491

Property Taxes

22%

$462

Home Insurance

5%

$98

HOA

1%

$28

Property Management

10%

$207

CapEx

5%

$104

Vacancy

6%

$124

Maintenance

5%

$104

Other

0%

$0

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