REI Lense

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$3,562 (target)

1325 Melrose Dr, Richardson, TX 75080

3 beds • 3 baths • 2161 sqft

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This property looks like a bad Long-Term investment with a projected -18.85% first-year return on $153k initial cash invested.

-18.85%

Cash On Cash

2.25%

Cap Rate

0.38

DSCR

$3,562

Rent

-$2,406

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,562 income − $5,968 expenses = $2,406 out of pocket

Income$3,562Out of Pocket$2,406Mortgage P&I$3,595101%Property Taxes$1,22534%Insurance$2226%Management$35610%CapEx$1785%Vacancy$2146%Maintenance$1785%

Investment Breakdown

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Purchase Price

$729k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$153k

Downpayment

20%

$146k

Closing costs

1%

$7,293

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,562

Total Expenses

$5,968

Mortgage P&I

101%

$3,595

Property Taxes

34%

$1,225

Home Insurance

6%

$222

HOA

0%

$0

Property Management

10%

$356

CapEx

5%

$178

Vacancy

6%

$214

Maintenance

5%

$178

Other

0%

$0

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