REI Lense

REI Lense

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$2,327 (target)

1624 Ross Dr, Midlothian, TX 76065

3 beds • 2 baths • 1591 sqft

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This property looks like a bad Long-Term investment with a projected -8.25% first-year return on $68,229 initial cash invested.

-8.25%

Cash On Cash

4.73%

Cap Rate

0.78

DSCR

$2,327

Rent

-$469

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,327 income − $2,796 expenses = $469 out of pocket

Income$2,327Out of Pocket$469Mortgage P&I$1,63470%Property Taxes$44319%Insurance$1145%Management$23310%CapEx$1165%Vacancy$1406%Maintenance$1165%

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,229

Downpayment

20%

$64,980

Closing costs

1%

$3,249

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,327

Total Expenses

$2,796

Mortgage P&I

70%

$1,634

Property Taxes

19%

$443

Home Insurance

5%

$114

HOA

0%

$0

Property Management

10%

$233

CapEx

5%

$116

Vacancy

6%

$140

Maintenance

5%

$116

Other

0%

$0

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