REI Lense

REI Lense

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$3,114 (target)

124 Prairie Creek Rd, Red Oak, TX 75154

3 beds • 2 baths • 1321 sqft

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This property looks like a bad Mid-Term investment with a projected -1.9% first-year return on $93,390 initial cash invested.

-1.9%

Cash On Cash

5.97%

Cap Rate

0.99

DSCR

$3,114

Rent

-$148

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,114 income − $3,262 expenses = $148 out of pocket

Income$3,114Out of Pocket$148Mortgage P&I$1,80958%Property Taxes$2679%Insurance$1264%Management$37412%CapEx$1254%Vacancy$933%Maintenance$1254%Other$34311%

Investment Breakdown

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Purchase Price

$359k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,390

Downpayment

20%

$71,800

Closing costs

1%

$3,590

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,114

Total Expenses

$3,262

Mortgage P&I

58%

$1,809

Property Taxes

9%

$267

Home Insurance

4%

$126

HOA

0%

$0

Property Management

12%

$374

CapEx

4%

$125

Vacancy

3%

$93

Maintenance

4%

$125

Other

11%

$343

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