REI Lense

REI Lense

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$2,076 (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 Long-Term investment with a projected -10.62% first-year return on $75,390 initial cash invested.

-10.62%

Cash On Cash

4.16%

Cap Rate

0.69

DSCR

$2,076

Rent

-$667

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,076 income − $2,743 expenses = $667 out of pocket

Income$2,076Out of Pocket$667Mortgage P&I$1,80987%Property Taxes$26713%Insurance$1266%Management$20810%CapEx$1045%Vacancy$1256%Maintenance$1045%

Investment Breakdown

|

Purchase Price

$359k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,390

Downpayment

20%

$71,800

Closing costs

1%

$3,590

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,076

Total Expenses

$2,743

Mortgage P&I

87%

$1,809

Property Taxes

13%

$267

Home Insurance

6%

$126

HOA

0%

$0

Property Management

10%

$208

CapEx

5%

$104

Vacancy

6%

$125

Maintenance

5%

$104

Other

0%

$0

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