REI Lense

REI Lense

$3,615 (target)

1801 Fairway N, Mount Pleasant, TX 75455

3 beds • 2 baths • 2600 sqft

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This property might be a fair Mid-Term investment with a projected 0.52% first-year return on $96,267 initial cash invested.

0.52%

Cash On Cash

7.1%

Cap Rate

1.09

DSCR

$3,615

Rent

$42

Cashflow

Cash Flow

$3,615 income − $3,573 expenses = $42 cash flow

Income$3,615P&I$2,01956%Taxes$1915%Insurance$1334%Mgmt$43412%CapEx$1454%Vacancy$1083%Maint.$1454%Other$39811%Cash Flow$42

Investment Breakdown

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Purchase Price

$373k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,267

Downpayment

20%

$74,540

Closing costs

1%

$3,727

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,615

Total Expenses

$3,573

Mortgage P&I

56%

$2,019

Property Taxes

5%

$191

Home Insurance

4%

$133

HOA

0%

$0

Property Management

12%

$434

CapEx

4%

$145

Vacancy

3%

$108

Maintenance

4%

$145

Other

11%

$398

See Mount Pleasant, TX mid-term rental market →

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