REI Lense

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$3,477 (target)

1324 Sandpiper Dr, Forney, TX 75126

3 beds • 3 baths • 2896 sqft

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This property looks like a bad Long-Term investment with a projected -6.08% first-year return on $86,100 initial cash invested.

-6.08%

Cash On Cash

5.13%

Cap Rate

0.87

DSCR

$3,477

Rent

-$436

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,477 income − $3,913 expenses = $436 out of pocket

Income$3,477Out of Pocket$436Mortgage P&I$2,01458%Property Taxes$81023%Insurance$1444%HOA$401%Management$34810%CapEx$1745%Vacancy$2096%Maintenance$1745%

Investment Breakdown

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Purchase Price

$410k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,100

Downpayment

20%

$82,000

Closing costs

1%

$4,100

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,477

Total Expenses

$3,913

Mortgage P&I

58%

$2,014

Property Taxes

23%

$810

Home Insurance

4%

$144

HOA

1%

$40

Property Management

10%

$348

CapEx

5%

$174

Vacancy

6%

$209

Maintenance

5%

$174

Other

0%

$0

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