REI Lense

REI Lense

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$2,194 (target)

1513 Meadow Way, Garland, TX 75042

3 beds • 2 baths • 1586 sqft

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This property looks like a bad Long-Term investment with a projected -8.76% first-year return on $56,700 initial cash invested.

-8.76%

Cash On Cash

4.92%

Cap Rate

0.78

DSCR

$2,194

Rent

-$414

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,194 income − $2,608 expenses = $414 out of pocket

Income$2,194Out of Pocket$414Mortgage P&I$1,41264%Property Taxes$53124%Insurance$944%Management$21910%CapEx$1105%Vacancy$1326%Maintenance$1105%

Investment Breakdown

|

Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,700

Downpayment

20%

$54,000

Closing costs

1%

$2,700

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,194

Total Expenses

$2,608

Mortgage P&I

64%

$1,412

Property Taxes

24%

$531

Home Insurance

4%

$94

HOA

0%

$0

Property Management

10%

$219

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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