REI Lense

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$3,550 (target)

1601 Meadow Ranch Rd, McKinney, TX 75071

3 beds • 2 baths • 2078 sqft

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This property looks like a bad Mid-Term investment with a projected -9.14% first-year return on $118k initial cash invested.

-9.14%

Cash On Cash

4.27%

Cap Rate

0.69

DSCR

$3,550

Rent

-$897

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,550 income − $4,447 expenses = $897 out of pocket

Income$3,550Out of Pocket$897Mortgage P&I$2,44469%Property Taxes$63118%Insurance$1665%Management$42612%CapEx$1424%Vacancy$1063%Maintenance$1424%Other$39011%

Investment Breakdown

|

Purchase Price

$475k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$94,980

Closing costs

1%

$4,749

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,550

Total Expenses

$4,447

Mortgage P&I

69%

$2,444

Property Taxes

18%

$631

Home Insurance

5%

$166

HOA

0%

$0

Property Management

12%

$426

CapEx

4%

$142

Vacancy

3%

$106

Maintenance

4%

$142

Other

11%

$390

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