REI Lense

REI Lense

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$2,367 (target)

1601 Meadow Ranch Rd, McKinney, TX 75071

3 beds • 2 baths • 2078 sqft

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This property looks like a bad Long-Term investment with a projected -17.92% first-year return on $99,729 initial cash invested.

-17.92%

Cash On Cash

2.71%

Cap Rate

0.44

DSCR

$2,367

Rent

-$1,489

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,367 income − $3,856 expenses = $1,489 out of pocket

Income$2,367Out of Pocket$1,489Mortgage P&I$2,444103%Property Taxes$63127%Insurance$1667%Management$23710%CapEx$1185%Vacancy$1426%Maintenance$1185%

Investment Breakdown

|

Purchase Price

$475k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,729

Downpayment

20%

$94,980

Closing costs

1%

$4,749

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,367

Total Expenses

$3,856

Mortgage P&I

103%

$2,444

Property Taxes

27%

$631

Home Insurance

7%

$166

HOA

0%

$0

Property Management

10%

$237

CapEx

5%

$118

Vacancy

6%

$142

Maintenance

5%

$118

Other

0%

$0

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