REI Lense

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$2,781 (target)

120 Hope Cir, McKinney, TX 75071

3 beds • 2 baths • 2157 sqft

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This property looks like a bad Long-Term investment with a projected -14.9% first-year return on $105k initial cash invested.

-14.9%

Cash On Cash

3.24%

Cap Rate

0.54

DSCR

$2,781

Rent

-$1,304

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,781 income − $4,085 expenses = $1,304 out of pocket

Income$2,781Out of Pocket$1,304Mortgage P&I$2,51590%Property Taxes$67224%Insurance$1756%Management$27810%CapEx$1395%Vacancy$1676%Maintenance$1395%

Investment Breakdown

|

Purchase Price

$500k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$100,000

Closing costs

1%

$5,000

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,781

Total Expenses

$4,085

Mortgage P&I

90%

$2,515

Property Taxes

24%

$672

Home Insurance

6%

$175

HOA

0%

$0

Property Management

10%

$278

CapEx

5%

$139

Vacancy

6%

$167

Maintenance

5%

$139

Other

0%

$0

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