REI Lense

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$1,530 (target)

1437 Ficklin Ave, Corsicana, TX 75110

3 beds • 2 baths • 1592 sqft

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This property looks like a bad Long-Term investment with a projected -10.62% first-year return on $47,670 initial cash invested.

-10.62%

Cash On Cash

4.42%

Cap Rate

0.71

DSCR

$1,530

Rent

-$422

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,530 income − $1,952 expenses = $422 out of pocket

Income$1,530Out of Pocket$422Mortgage P&I$1,18377%Property Taxes$29319%Insurance$795%Management$15310%CapEx$765%Vacancy$926%Maintenance$765%

Investment Breakdown

|

Purchase Price

$227k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,670

Downpayment

20%

$45,400

Closing costs

1%

$2,270

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,530

Total Expenses

$1,952

Mortgage P&I

77%

$1,183

Property Taxes

19%

$293

Home Insurance

5%

$79

HOA

0%

$0

Property Management

10%

$153

CapEx

5%

$76

Vacancy

6%

$92

Maintenance

5%

$76

Other

0%

$0

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