REI Lense

REI Lense

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$2,601 (target)

1200 Colmar Dr, Plano, TX 75023

3 beds • 2 baths • 1912 sqft

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This property looks like a bad Long-Term investment with a projected -12.91% first-year return on $85,617 initial cash invested.

-12.91%

Cash On Cash

3.99%

Cap Rate

0.63

DSCR

$2,601

Rent

-$921

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,601 income − $3,522 expenses = $921 out of pocket

Income$2,601Out of Pocket$921Mortgage P&I$2,14783%Property Taxes$55421%Insurance$1456%Management$26010%CapEx$1305%Vacancy$1566%Maintenance$1305%

Investment Breakdown

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Purchase Price

$408k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,617

Downpayment

20%

$81,540

Closing costs

1%

$4,077

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,601

Total Expenses

$3,522

Mortgage P&I

83%

$2,147

Property Taxes

21%

$554

Home Insurance

6%

$145

HOA

0%

$0

Property Management

10%

$260

CapEx

5%

$130

Vacancy

6%

$156

Maintenance

5%

$130

Other

0%

$0

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