REI Lense

REI Lense

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$3,198 (target)

1610 Kalamath St, Forney, TX 75126

3 beds • 2 baths • 1418 sqft

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This property might be a fair Mid-Term investment with a projected 4.89% first-year return on $65,250 initial cash invested.

4.89%

Cash On Cash

8.35%

Cap Rate

1.34

DSCR

$3,198

Rent

$266

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$225k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,198

Total Expenses

$2,932

Mortgage P&I

37%

$1,171

Property Taxes

17%

$556

Home Insurance

2%

$79

HOA

1%

$38

Property Management

12%

$384

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$352

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