REI Lense

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$2,295 (target)

1437 Ficklin Ave, Corsicana, TX 75110

3 beds • 2 baths • 1592 sqft

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This property looks like a bad Mid-Term investment with a projected -0.73% first-year return on $65,670 initial cash invested.

-0.73%

Cash On Cash

6.53%

Cap Rate

1.04

DSCR

$2,295

Rent

-$40

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,295 income − $2,335 expenses = $40 out of pocket

Income$2,295Out of Pocket$40Mortgage P&I$1,18352%Property Taxes$29313%Insurance$793%Management$27512%CapEx$924%Vacancy$693%Maintenance$924%Other$25211%

Investment Breakdown

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Purchase Price

$227k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,670

Downpayment

20%

$45,400

Closing costs

1%

$2,270

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,295

Total Expenses

$2,335

Mortgage P&I

52%

$1,183

Property Taxes

13%

$293

Home Insurance

3%

$79

HOA

0%

$0

Property Management

12%

$275

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$252

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