REI Lense

REI Lense

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$1,756 (target)

1709 Fairway Dr, Sherman, TX 75090

3 beds • 2 baths • 1729 sqft

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This property looks like a bad Long-Term investment with a projected -13.6% first-year return on $50,988 initial cash invested.

-13.6%

Cash On Cash

3.96%

Cap Rate

0.62

DSCR

$1,756

Rent

-$578

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,756 income − $2,334 expenses = $578 out of pocket

Income$1,756Out of Pocket$578Mortgage P&I$1,29274%Property Taxes$49828%Insurance$875%Management$17610%CapEx$885%Vacancy$1056%Maintenance$885%

Investment Breakdown

|

Purchase Price

$243k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,988

Downpayment

20%

$48,560

Closing costs

1%

$2,428

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,756

Total Expenses

$2,334

Mortgage P&I

74%

$1,292

Property Taxes

28%

$498

Home Insurance

5%

$87

HOA

0%

$0

Property Management

10%

$176

CapEx

5%

$88

Vacancy

6%

$105

Maintenance

5%

$88

Other

0%

$0

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