REI Lense

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$2,033 (target)

1609 Savannah St, Mesquite, TX 75149

3 beds • 2 baths • 1431 sqft

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This property looks like a bad Long-Term investment with a projected -6.75% first-year return on $53,193 initial cash invested.

-6.75%

Cash On Cash

5.02%

Cap Rate

0.84

DSCR

$2,033

Rent

-$299

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,033 income − $2,332 expenses = $299 out of pocket

Income$2,033Out of Pocket$299Mortgage P&I$1,25662%Property Taxes$45823%Insurance$894%Management$20310%CapEx$1025%Vacancy$1226%Maintenance$1025%

Investment Breakdown

|

Purchase Price

$253k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,193

Downpayment

20%

$50,660

Closing costs

1%

$2,533

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,033

Total Expenses

$2,332

Mortgage P&I

62%

$1,256

Property Taxes

23%

$458

Home Insurance

4%

$89

HOA

0%

$0

Property Management

10%

$203

CapEx

5%

$102

Vacancy

6%

$122

Maintenance

5%

$102

Other

0%

$0

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