REI Lense

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$2,958 (target)

1220 Hinchliffe Rd, Mexia, TX 76667

3 beds • 4 baths • 3383 sqft

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This property looks like a bad Long-Term investment with a projected -22.14% first-year return on $142k initial cash invested.

-22.14%

Cash On Cash

2.2%

Cap Rate

0.33

DSCR

$2,958

Rent

-$2,623

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,958 income − $5,581 expenses = $2,623 out of pocket

Income$2,958Out of Pocket$2,623Mortgage P&I$3,717126%Property Taxes$85829%Insurance$2378%Management$29610%CapEx$1485%Vacancy$1776%Maintenance$1485%

Investment Breakdown

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Purchase Price

$677k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$142k

Downpayment

20%

$135k

Closing costs

1%

$6,769

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,958

Total Expenses

$5,581

Mortgage P&I

126%

$3,717

Property Taxes

29%

$858

Home Insurance

8%

$237

HOA

0%

$0

Property Management

10%

$296

CapEx

5%

$148

Vacancy

6%

$177

Maintenance

5%

$148

Other

0%

$0

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