REI Lense

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$2,308 (target)

11651 Riverside Rd, Socorro, TX 79927

3 beds • 2 baths • 1888 sqft

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This property might be a fair Mid-Term investment with a projected 5.57% first-year return on $57,123 initial cash invested.

5.57%

Cash On Cash

8.7%

Cap Rate

1.36

DSCR

$2,308

Rent

$265

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,308 income − $2,043 expenses = $265 cash flow

Income$2,308Mortgage P&I$99443%Property Taxes$2079%Insurance$583%Management$27712%CapEx$924%Vacancy$693%Maintenance$924%Other$25411%Cash Flow$265

Investment Breakdown

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Purchase Price

$186k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,123

Downpayment

20%

$37,260

Closing costs

1%

$1,863

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,308

Total Expenses

$2,043

Mortgage P&I

43%

$994

Property Taxes

9%

$207

Home Insurance

3%

$58

HOA

0%

$0

Property Management

12%

$277

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$254

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