REI Lense

REI Lense

$4,365 (target)

1237 Stonewall St, Garland, TX 75043

3 beds • 3 baths • 2013 sqft

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This property might be a fair Mid-Term investment with a projected 0.26% first-year return on $95,490 initial cash invested.

0.26%

Cash On Cash

7.16%

Cap Rate

1.1

DSCR

$4,365

Rent

$21

Cashflow

Cash Flow

$4,365 income − $4,344 expenses = $21 cash flow

Income$4,365P&I$2,00546%Taxes$72517%Insurance$1293%Mgmt$52412%CapEx$1754%Vacancy$1313%Maint.$1754%Other$48011%Cash Flow$21

Investment Breakdown

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Purchase Price

$369k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,490

Downpayment

20%

$73,800

Closing costs

1%

$3,690

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,365

Total Expenses

$4,344

Mortgage P&I

46%

$2,005

Property Taxes

17%

$725

Home Insurance

3%

$129

HOA

0%

$0

Property Management

12%

$524

CapEx

4%

$175

Vacancy

3%

$131

Maintenance

4%

$175

Other

11%

$480

See Garland, TX mid-term rental market →

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