REI Lense

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$1,983 (target)

11424 Spence Ln, Balch Springs, TX 75180

3 beds • 2 baths • 1477 sqft

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This property looks like a bad Long-Term investment with a projected -19.63% first-year return on $77,700 initial cash invested.

-19.63%

Cash On Cash

2.4%

Cap Rate

0.39

DSCR

$1,983

Rent

-$1,271

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,983 income − $3,254 expenses = $1,271 out of pocket

Income$1,983Out of Pocket$1,271Mortgage P&I$1,91296%Property Taxes$69735%Insurance$1307%Management$19810%CapEx$995%Vacancy$1196%Maintenance$995%

Investment Breakdown

|

Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,700

Downpayment

20%

$74,000

Closing costs

1%

$3,700

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,983

Total Expenses

$3,254

Mortgage P&I

96%

$1,912

Property Taxes

35%

$697

Home Insurance

7%

$130

HOA

0%

$0

Property Management

10%

$198

CapEx

5%

$99

Vacancy

6%

$119

Maintenance

5%

$99

Other

0%

$0

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