REI Lense

REI Lense

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$2,693 (target)

1502 Mission Hills Ln, Corinth, TX 76210

3 beds • 3 baths • 2222 sqft

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This property looks like a bad Long-Term investment with a projected -10.48% first-year return on $77,868 initial cash invested.

-10.48%

Cash On Cash

4.27%

Cap Rate

0.71

DSCR

$2,693

Rent

-$680

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,693 income − $3,373 expenses = $680 out of pocket

Income$2,693Out of Pocket$680Mortgage P&I$1,86569%Property Taxes$67425%Insurance$1335%Management$26910%CapEx$1355%Vacancy$1626%Maintenance$1355%

Investment Breakdown

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Purchase Price

$371k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,868

Downpayment

20%

$74,160

Closing costs

1%

$3,708

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,693

Total Expenses

$3,373

Mortgage P&I

69%

$1,865

Property Taxes

25%

$674

Home Insurance

5%

$133

HOA

0%

$0

Property Management

10%

$269

CapEx

5%

$135

Vacancy

6%

$162

Maintenance

5%

$135

Other

0%

$0

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