REI Lense

REI Lense

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$3,588 (target)

1420 Providence Ave, McAllen, TX 78504

3 beds • 4 baths • 2592 sqft

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This property looks like a bad Long-Term investment with a projected -6.72% first-year return on $84,588 initial cash invested.

-6.72%

Cash On Cash

5.39%

Cap Rate

0.86

DSCR

$3,588

Rent

-$474

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,588 income − $4,062 expenses = $474 out of pocket

Income$3,588Out of Pocket$474Mortgage P&I$2,10359%Property Taxes$75821%Insurance$1444%HOA$1253%Management$35910%CapEx$1795%Vacancy$2156%Maintenance$1795%

Investment Breakdown

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Purchase Price

$403k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,588

Downpayment

20%

$80,560

Closing costs

1%

$4,028

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,588

Total Expenses

$4,062

Mortgage P&I

59%

$2,103

Property Taxes

21%

$758

Home Insurance

4%

$144

HOA

3%

$125

Property Management

10%

$359

CapEx

5%

$179

Vacancy

6%

$215

Maintenance

5%

$179

Other

0%

$0

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