REI Lense

REI Lense

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$2,015 (target)

116 Corley Cir, Wake Village, TX 75501

3 beds • 2 baths • 1970 sqft

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This property looks like a bad Long-Term investment with a projected -10.15% first-year return on $67,389 initial cash invested.

-10.15%

Cash On Cash

4.26%

Cap Rate

0.71

DSCR

$2,015

Rent

-$570

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,015 income − $2,585 expenses = $570 out of pocket

Income$2,015Out of Pocket$570Mortgage P&I$1,60780%Property Taxes$33917%Insurance$1146%Management$20210%CapEx$1015%Vacancy$1216%Maintenance$1015%

Investment Breakdown

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Purchase Price

$321k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,389

Downpayment

20%

$64,180

Closing costs

1%

$3,209

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,015

Total Expenses

$2,585

Mortgage P&I

80%

$1,607

Property Taxes

17%

$339

Home Insurance

6%

$114

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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