REI Lense

REI Lense

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$2,082 (target)

1521 E 51st St, Odessa, TX 79762

3 beds • 2 baths • 1356 sqft

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This property might be a fair Long-Term investment with a projected 6.32% first-year return on $37,590 initial cash invested.

6.32%

Cash On Cash

8.37%

Cap Rate

1.32

DSCR

$2,082

Rent

$198

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,082 income − $1,884 expenses = $198 cash flow

Income$2,082Mortgage P&I$94745%Property Taxes$33316%Insurance$633%Management$20810%CapEx$1045%Vacancy$1256%Maintenance$1045%Cash Flow$198

Investment Breakdown

|

Purchase Price

$179k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$37,590

Downpayment

20%

$35,800

Closing costs

1%

$1,790

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,082

Total Expenses

$1,884

Mortgage P&I

45%

$947

Property Taxes

16%

$333

Home Insurance

3%

$63

HOA

0%

$0

Property Management

10%

$208

CapEx

5%

$104

Vacancy

6%

$125

Maintenance

5%

$104

Other

0%

$0

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