REI Lense

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$3,300 (target)

1307 Magnolia Dr, Richardson, TX 75080

3 beds • 2 baths • 1308 sqft

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This property looks like a bad Mid-Term investment with a projected -12.36% first-year return on $122k initial cash invested.

-12.36%

Cash On Cash

3.68%

Cap Rate

0.57

DSCR

$3,300

Rent

-$1,256

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,300 income − $4,556 expenses = $1,256 out of pocket

Income$3,300Out of Pocket$1,256Mortgage P&I$2,64380%Property Taxes$61819%Insurance$1735%Management$39612%CapEx$1324%Vacancy$993%Maintenance$1324%Other$36311%

Investment Breakdown

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Purchase Price

$495k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$99,000

Closing costs

1%

$4,950

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,300

Total Expenses

$4,556

Mortgage P&I

80%

$2,643

Property Taxes

19%

$618

Home Insurance

5%

$173

HOA

0%

$0

Property Management

12%

$396

CapEx

4%

$132

Vacancy

3%

$99

Maintenance

4%

$132

Other

11%

$363

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