REI Lense

REI Lense

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$1,816 (target)

1317 Belinda Ct, Garland, TX 75040

3 beds • 2 baths • 1360 sqft

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This property looks like a bad Long-Term investment with a projected -15.25% first-year return on $54,600 initial cash invested.

-15.25%

Cash On Cash

3.24%

Cap Rate

0.54

DSCR

$1,816

Rent

-$694

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,816 income − $2,510 expenses = $694 out of pocket

Income$1,816Out of Pocket$694Mortgage P&I$1,30672%Property Taxes$64035%Insurance$915%Management$18210%CapEx$915%Vacancy$1096%Maintenance$915%

Investment Breakdown

|

Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,600

Downpayment

20%

$52,000

Closing costs

1%

$2,600

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,816

Total Expenses

$2,510

Mortgage P&I

72%

$1,306

Property Taxes

35%

$640

Home Insurance

5%

$91

HOA

0%

$0

Property Management

10%

$182

CapEx

5%

$91

Vacancy

6%

$109

Maintenance

5%

$91

Other

0%

$0

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