REI Lense

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$3,575 (target)

1206 Redbud St, Little Elm, TX 75068

3 beds • 3 baths • 1824 sqft

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This property could be a profitable Long-Term investment with a projected 11.66% first-year return on $66,192 initial cash invested.

11.66%

Cash On Cash

9.27%

Cap Rate

1.51

DSCR

$3,575

Rent

$643

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,575 income − $2,932 expenses = $643 cash flow

Income$3,575Mortgage P&I$1,61445%Property Taxes$2768%Insurance$1123%Management$35810%CapEx$1795%Vacancy$2146%Maintenance$1795%Cash Flow$643

Investment Breakdown

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Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,192

Downpayment

20%

$63,040

Closing costs

1%

$3,152

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,575

Total Expenses

$2,932

Mortgage P&I

45%

$1,614

Property Taxes

8%

$276

Home Insurance

3%

$112

HOA

0%

$0

Property Management

10%

$358

CapEx

5%

$179

Vacancy

6%

$214

Maintenance

5%

$179

Other

0%

$0

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