REI Lense

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$2,217 (target)

1425 Turtle Cove Dr, Little Elm, TX 75068

3 beds • 2 baths • 1437 sqft

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This property looks like a bad Long-Term investment with a projected -10.2% first-year return on $67,200 initial cash invested.

-10.2%

Cash On Cash

4.3%

Cap Rate

0.71

DSCR

$2,217

Rent

-$571

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,217 income − $2,788 expenses = $571 out of pocket

Income$2,217Out of Pocket$571Mortgage P&I$1,60672%Property Taxes$49322%Insurance$1125%Management$22210%CapEx$1115%Vacancy$1336%Maintenance$1115%

Investment Breakdown

|

Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,200

Downpayment

20%

$64,000

Closing costs

1%

$3,200

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,217

Total Expenses

$2,788

Mortgage P&I

72%

$1,606

Property Taxes

22%

$493

Home Insurance

5%

$112

HOA

0%

$0

Property Management

10%

$222

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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