REI Lense

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$2,230 (target)

118 Rommel Ct, Springtown, TX 76082

3 beds • 2 baths • 1440 sqft

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This property looks like a bad Mid-Term investment with a projected -7.04% first-year return on $90,450 initial cash invested.

-7.04%

Cash On Cash

4.48%

Cap Rate

0.74

DSCR

$2,230

Rent

-$531

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,230 income − $2,761 expenses = $531 out of pocket

Income$2,230Out of Pocket$531Mortgage P&I$1,73178%Property Taxes$1517%Insurance$1215%Management$26812%CapEx$894%Vacancy$673%Maintenance$894%Other$24511%

Investment Breakdown

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Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,450

Downpayment

20%

$69,000

Closing costs

1%

$3,450

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,230

Total Expenses

$2,761

Mortgage P&I

78%

$1,731

Property Taxes

7%

$151

Home Insurance

5%

$121

HOA

0%

$0

Property Management

12%

$268

CapEx

4%

$89

Vacancy

3%

$67

Maintenance

4%

$89

Other

11%

$245

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