REI Lense

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$3,022 (target)

116 Corley Cir, Wake Village, TX 75501

3 beds • 2 baths • 1970 sqft

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This property looks like a bad Mid-Term investment with a projected -0.93% first-year return on $85,389 initial cash invested.

-0.93%

Cash On Cash

6.22%

Cap Rate

1.03

DSCR

$3,022

Rent

-$66

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,022 income − $3,088 expenses = $66 out of pocket

Income$3,022Out of Pocket$66Mortgage P&I$1,60753%Property Taxes$33911%Insurance$1144%Management$36312%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33211%

Investment Breakdown

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Purchase Price

$321k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,389

Downpayment

20%

$64,180

Closing costs

1%

$3,209

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,022

Total Expenses

$3,088

Mortgage P&I

53%

$1,607

Property Taxes

11%

$339

Home Insurance

4%

$114

HOA

0%

$0

Property Management

12%

$363

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$332

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