REI Lense

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$2,628 (target)

1517 Raintree Ln, Cleburne, TX 76033

3 beds • 2 baths • 1190 sqft

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This property might be a fair Mid-Term investment with a projected 2.29% first-year return on $63,423 initial cash invested.

2.29%

Cash On Cash

7.56%

Cap Rate

1.2

DSCR

$2,628

Rent

$121

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,628 income − $2,507 expenses = $121 cash flow

Income$2,628Mortgage P&I$1,13643%Property Taxes$40115%Insurance$773%Management$31512%CapEx$1054%Vacancy$793%Maintenance$1054%Other$28911%Cash Flow$121

Investment Breakdown

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Purchase Price

$216k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,423

Downpayment

20%

$43,260

Closing costs

1%

$2,163

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,628

Total Expenses

$2,507

Mortgage P&I

43%

$1,136

Property Taxes

15%

$401

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$315

CapEx

4%

$105

Vacancy

3%

$79

Maintenance

4%

$105

Other

11%

$289

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