REI Lense

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$2,442 (target)

116 George Ct, Springtown, TX 76082

3 beds • 2 baths • 2024 sqft

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This property looks like a bad Mid-Term investment with a projected -11.63% first-year return on $88,350 initial cash invested.

-11.63%

Cash On Cash

3.32%

Cap Rate

0.55

DSCR

$2,442

Rent

-$856

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,442 income − $3,298 expenses = $856 out of pocket

Income$2,442Out of Pocket$856Mortgage P&I$1,68569%Property Taxes$66527%Insurance$1175%Management$29312%CapEx$984%Vacancy$733%Maintenance$984%Other$26911%

Investment Breakdown

|

Purchase Price

$335k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,350

Downpayment

20%

$67,000

Closing costs

1%

$3,350

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,442

Total Expenses

$3,298

Mortgage P&I

69%

$1,685

Property Taxes

27%

$665

Home Insurance

5%

$117

HOA

0%

$0

Property Management

12%

$293

CapEx

4%

$98

Vacancy

3%

$73

Maintenance

4%

$98

Other

11%

$269

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