REI Lense

REI Lense

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$2,531 (target)

135 Paige Ln, Forney, TX 75126

3 beds • 3 baths • 2252 sqft

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This property looks like a bad Long-Term investment with a projected -8.08% first-year return on $67,263 initial cash invested.

-8.08%

Cash On Cash

4.76%

Cap Rate

0.8

DSCR

$2,531

Rent

-$453

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,531 income − $2,984 expenses = $453 out of pocket

Income$2,531Out of Pocket$453Mortgage P&I$1,59663%Property Taxes$61524%Insurance$1145%Management$25310%CapEx$1275%Vacancy$1526%Maintenance$1275%

Investment Breakdown

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Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,263

Downpayment

20%

$64,060

Closing costs

1%

$3,203

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,531

Total Expenses

$2,984

Mortgage P&I

63%

$1,596

Property Taxes

24%

$615

Home Insurance

5%

$114

HOA

0%

$0

Property Management

10%

$253

CapEx

5%

$127

Vacancy

6%

$152

Maintenance

5%

$127

Other

0%

$0

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