REI Lense

REI Lense

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$1,802 (target)

12229 Kingsgate Ct, Socorro, TX 79928

3 beds • 3 baths • 1644 sqft

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This property looks like a bad Long-Term investment with a projected -12.31% first-year return on $54,117 initial cash invested.

-12.31%

Cash On Cash

3.86%

Cap Rate

0.64

DSCR

$1,802

Rent

-$555

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,802 income − $2,357 expenses = $555 out of pocket

Income$1,802Out of Pocket$555Mortgage P&I$1,29572%Property Taxes$50128%Insurance$935%Management$18010%CapEx$905%Vacancy$1086%Maintenance$905%

Investment Breakdown

|

Purchase Price

$258k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,117

Downpayment

20%

$51,540

Closing costs

1%

$2,577

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,802

Total Expenses

$2,357

Mortgage P&I

72%

$1,295

Property Taxes

28%

$501

Home Insurance

5%

$93

HOA

0%

$0

Property Management

10%

$180

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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