REI Lense

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$2,221 (target)

1441 Sandalwood Ln, Odessa, TX 79761

3 beds • 2 baths • 1475 sqft

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This property looks like a bad Long-Term investment with a projected -2.73% first-year return on $59,850 initial cash invested.

-2.73%

Cash On Cash

6.3%

Cap Rate

0.98

DSCR

$2,221

Rent

-$136

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,221 income − $2,357 expenses = $136 out of pocket

Income$2,221Out of Pocket$136Mortgage P&I$1,52168%Property Taxes$1597%Insurance$1005%Management$22210%CapEx$1115%Vacancy$1336%Maintenance$1115%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,850

Downpayment

20%

$57,000

Closing costs

1%

$2,850

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,221

Total Expenses

$2,357

Mortgage P&I

68%

$1,521

Property Taxes

7%

$159

Home Insurance

5%

$100

HOA

0%

$0

Property Management

10%

$222

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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