REI Lense

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$5,932 (target)

1570 Turnberry Dr, Prosper, TX 75078

3 beds • 4 baths • 2859 sqft

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This property looks like a bad Mid-Term investment with a projected -14.11% first-year return on $186k initial cash invested.

-14.11%

Cash On Cash

3.66%

Cap Rate

0.56

DSCR

$5,932

Rent

-$2,185

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,932 income − $8,117 expenses = $2,185 out of pocket

Income$5,932Out of Pocket$2,185Mortgage P&I$4,38774%Property Taxes$1,33322%Insurance$2805%HOA$1002%Management$71212%CapEx$2374%Vacancy$1783%Maintenance$2374%Other$65311%

Investment Breakdown

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Purchase Price

$799k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$186k

Downpayment

20%

$160k

Closing costs

1%

$7,990

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,932

Total Expenses

$8,117

Mortgage P&I

74%

$4,387

Property Taxes

22%

$1,333

Home Insurance

5%

$280

HOA

2%

$100

Property Management

12%

$712

CapEx

4%

$237

Vacancy

3%

$178

Maintenance

4%

$237

Other

11%

$653

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