REI Lense

REI Lense

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$2,030 (target)

1600 Luke St, Ennis, TX 75119

3 beds • 2 baths • 1439 sqft

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This property looks like a bad Long-Term investment with a projected -10.91% first-year return on $58,170 initial cash invested.

-10.91%

Cash On Cash

4.26%

Cap Rate

0.7

DSCR

$2,030

Rent

-$529

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,030 income − $2,559 expenses = $529 out of pocket

Income$2,030Out of Pocket$529Mortgage P&I$1,41170%Property Taxes$47623%Insurance$975%HOA$462%Management$20310%CapEx$1025%Vacancy$1226%Maintenance$1025%

Investment Breakdown

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Purchase Price

$277k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,170

Downpayment

20%

$55,400

Closing costs

1%

$2,770

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,030

Total Expenses

$2,559

Mortgage P&I

70%

$1,411

Property Taxes

23%

$476

Home Insurance

5%

$97

HOA

2%

$46

Property Management

10%

$203

CapEx

5%

$102

Vacancy

6%

$122

Maintenance

5%

$102

Other

0%

$0

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