REI Lense

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$1,583 (target)

1308 Mockingbird St, Iowa Park, TX 76367

3 beds • 2 baths • 1370 sqft

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This property looks like a bad Long-Term investment with a projected -1.71% first-year return on $35,700 initial cash invested.

-1.71%

Cash On Cash

6.55%

Cap Rate

1.03

DSCR

$1,583

Rent

-$51

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,583 income − $1,634 expenses = $51 out of pocket

Income$1,583Out of Pocket$51Mortgage P&I$90057%Property Taxes$26917%Insurance$543%Management$15810%CapEx$795%Vacancy$956%Maintenance$795%

Investment Breakdown

|

Purchase Price

$170k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$35,700

Downpayment

20%

$34,000

Closing costs

1%

$1,700

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,583

Total Expenses

$1,634

Mortgage P&I

57%

$900

Property Taxes

17%

$269

Home Insurance

3%

$54

HOA

0%

$0

Property Management

10%

$158

CapEx

5%

$79

Vacancy

6%

$95

Maintenance

5%

$79

Other

0%

$0

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