REI Lense

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$1,994 (target)

1442 Mesquite Ln, Princeton, TX 75407

3 beds • 2 baths • 1602 sqft

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This property looks like a bad Long-Term investment with a projected -15.5% first-year return on $68,040 initial cash invested.

-15.5%

Cash On Cash

3.14%

Cap Rate

0.52

DSCR

$1,994

Rent

-$879

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,994 income − $2,873 expenses = $879 out of pocket

Income$1,994Out of Pocket$879Mortgage P&I$1,62682%Property Taxes$57729%Insurance$1136%HOA$382%Management$19910%CapEx$1005%Vacancy$1206%Maintenance$1005%

Investment Breakdown

|

Purchase Price

$324k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,040

Downpayment

20%

$64,800

Closing costs

1%

$3,240

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,994

Total Expenses

$2,873

Mortgage P&I

82%

$1,626

Property Taxes

29%

$577

Home Insurance

6%

$113

HOA

2%

$38

Property Management

10%

$199

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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