REI Lense

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$1,902 (target)

1619 Grassy Pond Rd, Forney, TX 75126

3 beds • 2 baths • 1410 sqft

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This property looks like a bad Long-Term investment with a projected -16.09% first-year return on $50,925 initial cash invested.

-16.09%

Cash On Cash

3.56%

Cap Rate

0.55

DSCR

$1,902

Rent

-$683

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,902 income − $2,585 expenses = $683 out of pocket

Income$1,902Out of Pocket$683Mortgage P&I$1,30869%Property Taxes$63033%Insurance$865%HOA$674%Management$19010%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

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Purchase Price

$243k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,925

Downpayment

20%

$48,500

Closing costs

1%

$2,425

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,902

Total Expenses

$2,585

Mortgage P&I

69%

$1,308

Property Taxes

33%

$630

Home Insurance

5%

$86

HOA

4%

$67

Property Management

10%

$190

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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