REI Lense

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$2,594 (target)

1212 N Grant Dr, Sherman, TX 75092

3 beds • 2 baths • 1372 sqft

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This property might be a fair Mid-Term investment with a projected 3.22% first-year return on $61,050 initial cash invested.

3.22%

Cash On Cash

7.82%

Cap Rate

1.25

DSCR

$2,594

Rent

$164

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,594 income − $2,430 expenses = $164 cash flow

Income$2,594Mortgage P&I$1,06841%Property Taxes$40816%Insurance$723%Management$31112%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28511%Cash Flow$164

Investment Breakdown

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Purchase Price

$205k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,050

Downpayment

20%

$41,000

Closing costs

1%

$2,050

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,594

Total Expenses

$2,430

Mortgage P&I

41%

$1,068

Property Taxes

16%

$408

Home Insurance

3%

$72

HOA

0%

$0

Property Management

12%

$311

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$285

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