REI Lense

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$1,588 (target)

1513 Joe Justice St, Weslaco, TX 78596

3 beds • 2 baths • 1331 sqft

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This property looks like a bad Long-Term investment with a projected -10.68% first-year return on $46,641 initial cash invested.

-10.68%

Cash On Cash

4.38%

Cap Rate

0.71

DSCR

$1,588

Rent

-$415

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,588 income − $2,003 expenses = $415 out of pocket

Income$1,588Out of Pocket$415Mortgage P&I$1,14672%Property Taxes$35722%Insurance$886%Management$15910%CapEx$795%Vacancy$956%Maintenance$795%

Investment Breakdown

|

Purchase Price

$222k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,641

Downpayment

20%

$44,420

Closing costs

1%

$2,221

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,588

Total Expenses

$2,003

Mortgage P&I

72%

$1,146

Property Taxes

22%

$357

Home Insurance

6%

$88

HOA

0%

$0

Property Management

10%

$159

CapEx

5%

$79

Vacancy

6%

$95

Maintenance

5%

$79

Other

0%

$0

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