REI Lense

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$2,482 (target)

1402 Ballycastle Ln, Corinth, TX 76210

3 beds • 2 baths • 2293 sqft

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This property looks like a bad Long-Term investment with a projected -18.35% first-year return on $102k initial cash invested.

-18.35%

Cash On Cash

2.28%

Cap Rate

0.39

DSCR

$2,482

Rent

-$1,567

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,482 income − $4,049 expenses = $1,567 out of pocket

Income$2,482Out of Pocket$1,567Mortgage P&I$2,37196%Property Taxes$80432%Insurance$1757%HOA$542%Management$24810%CapEx$1245%Vacancy$1496%Maintenance$1245%

Investment Breakdown

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Purchase Price

$488k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$97,580

Closing costs

1%

$4,879

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,482

Total Expenses

$4,049

Mortgage P&I

96%

$2,371

Property Taxes

32%

$804

Home Insurance

7%

$175

HOA

2%

$54

Property Management

10%

$248

CapEx

5%

$124

Vacancy

6%

$149

Maintenance

5%

$124

Other

0%

$0

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