REI Lense

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$3,368 (target)

1190 E 1st, Mount Pleasant, TX 75455

3 beds • 2 baths • 1682 sqft

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This property might be a fair Mid-Term investment with a projected 7.17% first-year return on $71,340 initial cash invested.

7.17%

Cash On Cash

8.8%

Cap Rate

1.43

DSCR

$3,368

Rent

$426

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,368 income − $2,942 expenses = $426 cash flow

Income$3,368Mortgage P&I$1,30239%Property Taxes$40412%Insurance$913%Management$40412%CapEx$1354%Vacancy$1013%Maintenance$1354%Other$37011%Cash Flow$426

Investment Breakdown

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Purchase Price

$254k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,340

Downpayment

20%

$50,800

Closing costs

1%

$2,540

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,368

Total Expenses

$2,942

Mortgage P&I

39%

$1,302

Property Taxes

12%

$404

Home Insurance

3%

$91

HOA

0%

$0

Property Management

12%

$404

CapEx

4%

$135

Vacancy

3%

$101

Maintenance

4%

$135

Other

11%

$370

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