REI Lense

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$4,040 (target)

1502 Mission Hills Ln, Corinth, TX 76210

3 beds • 3 baths • 2222 sqft

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This property looks like a bad Mid-Term investment with a projected -0.08% first-year return on $95,868 initial cash invested.

-0.08%

Cash On Cash

6.54%

Cap Rate

1.08

DSCR

$4,040

Rent

-$6

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,040 income − $4,046 expenses = $6 out of pocket

Income$4,040Out of Pocket$6Mortgage P&I$1,86546%Property Taxes$67417%Insurance$1333%Management$48512%CapEx$1624%Vacancy$1213%Maintenance$1624%Other$44411%

Investment Breakdown

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Purchase Price

$371k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,868

Downpayment

20%

$74,160

Closing costs

1%

$3,708

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,040

Total Expenses

$4,046

Mortgage P&I

46%

$1,865

Property Taxes

17%

$674

Home Insurance

3%

$133

HOA

0%

$0

Property Management

12%

$485

CapEx

4%

$162

Vacancy

3%

$121

Maintenance

4%

$162

Other

11%

$444

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