REI Lense

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$2,457 (target)

1408 Spinnaker Ln, Azle, TX 76020

3 beds • 2 baths • 2740 sqft

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This property looks like a bad Long-Term investment with a projected -8% first-year return on $89,250 initial cash invested.

-8%

Cash On Cash

4.62%

Cap Rate

0.78

DSCR

$2,457

Rent

-$595

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,457 income − $3,052 expenses = $595 out of pocket

Income$2,457Out of Pocket$595Mortgage P&I$2,10786%Property Taxes$1576%Insurance$1496%Management$24610%CapEx$1235%Vacancy$1476%Maintenance$1235%

Investment Breakdown

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Purchase Price

$425k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,250

Downpayment

20%

$85,000

Closing costs

1%

$4,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,457

Total Expenses

$3,052

Mortgage P&I

86%

$2,107

Property Taxes

6%

$157

Home Insurance

6%

$149

HOA

0%

$0

Property Management

10%

$246

CapEx

5%

$123

Vacancy

6%

$147

Maintenance

5%

$123

Other

0%

$0

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