REI Lense

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$2,352 (target)

14845 Magnolia Ln, Balch Springs, TX 75180

3 beds • 2 baths • 1818 sqft

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This property looks like a bad Long-Term investment with a projected -11.34% first-year return on $62,202 initial cash invested.

-11.34%

Cash On Cash

4.82%

Cap Rate

0.72

DSCR

$2,352

Rent

-$588

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,352 income − $2,940 expenses = $588 out of pocket

Income$2,352Out of Pocket$588Mortgage P&I$1,66071%Property Taxes$55023%Insurance$1054%HOA$131%Management$23510%CapEx$1185%Vacancy$1416%Maintenance$1185%

Investment Breakdown

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Purchase Price

$296k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,202

Downpayment

20%

$59,240

Closing costs

1%

$2,962

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,352

Total Expenses

$2,940

Mortgage P&I

71%

$1,660

Property Taxes

23%

$550

Home Insurance

4%

$105

HOA

1%

$13

Property Management

10%

$235

CapEx

5%

$118

Vacancy

6%

$141

Maintenance

5%

$118

Other

0%

$0

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