REI Lense

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$2,900 (target)

1416 Nelson Pl, Burleson, TX 76028

3 beds • 2 baths • 1368 sqft

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This property might be a fair Mid-Term investment with a projected 5.84% first-year return on $59,790 initial cash invested.

5.84%

Cash On Cash

9.17%

Cap Rate

1.37

DSCR

$2,900

Rent

$291

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,900 income − $2,609 expenses = $291 cash flow

Income$2,900Mortgage P&I$1,11438%Property Taxes$43915%Insurance$702%Management$34812%CapEx$1164%Vacancy$873%Maintenance$1164%Other$31911%Cash Flow$291

Investment Breakdown

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Purchase Price

$199k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,790

Downpayment

20%

$39,800

Closing costs

1%

$1,990

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,900

Total Expenses

$2,609

Mortgage P&I

38%

$1,114

Property Taxes

15%

$439

Home Insurance

2%

$70

HOA

0%

$0

Property Management

12%

$348

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$319

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