REI Lense

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$2,762 (target)

1500 Laredo Ln, Mesquite, TX 75150

3 beds • 2 baths • 1436 sqft

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This property looks like a bad Mid-Term investment with a projected -4.67% first-year return on $79,950 initial cash invested.

-4.67%

Cash On Cash

5.31%

Cap Rate

0.87

DSCR

$2,762

Rent

-$311

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,762 income − $3,073 expenses = $311 out of pocket

Income$2,762Out of Pocket$311Mortgage P&I$1,50755%Property Taxes$52519%Insurance$1034%Management$33112%CapEx$1104%Vacancy$833%Maintenance$1104%Other$30411%

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,950

Downpayment

20%

$59,000

Closing costs

1%

$2,950

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,762

Total Expenses

$3,073

Mortgage P&I

55%

$1,507

Property Taxes

19%

$525

Home Insurance

4%

$103

HOA

0%

$0

Property Management

12%

$331

CapEx

4%

$110

Vacancy

3%

$83

Maintenance

4%

$110

Other

11%

$304

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