REI Lense

REI Lense

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$3,061 (target)

1213 Cardigan St, Garland, TX 75040

3 beds • 3 baths • 2478 sqft

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This property looks like a bad Long-Term investment with a projected -11.47% first-year return on $84,000 initial cash invested.

-11.47%

Cash On Cash

4.11%

Cap Rate

0.68

DSCR

$3,061

Rent

-$803

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,000

Downpayment

20%

$80,000

Closing costs

1%

$4,000

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,061

Total Expenses

$3,864

Mortgage P&I

66%

$2,019

Property Taxes

30%

$909

Home Insurance

5%

$140

HOA

0%

$0

Property Management

10%

$306

CapEx

5%

$153

Vacancy

6%

$184

Maintenance

5%

$153

Other

0%

$0

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