REI Lense

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$1,487 (target)

118 Rommel Ct, Springtown, TX 76082

3 beds • 2 baths • 1440 sqft

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This property looks like a bad Long-Term investment with a projected -14.94% first-year return on $72,450 initial cash invested.

-14.94%

Cash On Cash

3.14%

Cap Rate

0.52

DSCR

$1,487

Rent

-$902

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,487 income − $2,389 expenses = $902 out of pocket

Income$1,487Out of Pocket$902Mortgage P&I$1,731116%Property Taxes$15110%Insurance$1218%Management$14910%CapEx$745%Vacancy$896%Maintenance$745%

Investment Breakdown

|

Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,450

Downpayment

20%

$69,000

Closing costs

1%

$3,450

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,487

Total Expenses

$2,389

Mortgage P&I

116%

$1,731

Property Taxes

10%

$151

Home Insurance

8%

$121

HOA

0%

$0

Property Management

10%

$149

CapEx

5%

$74

Vacancy

6%

$89

Maintenance

5%

$74

Other

0%

$0

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