REI Lense

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$3,288 (target)

1804 W Lake Dr, Gladewater, TX 75647

3 beds • 2 baths • 2172 sqft

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This property looks like a bad Mid-Term investment with a projected -9.54% first-year return on $106k initial cash invested.

-9.54%

Cash On Cash

4.18%

Cap Rate

0.67

DSCR

$3,288

Rent

-$844

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,288 income − $4,132 expenses = $844 out of pocket

Income$3,288Out of Pocket$844Mortgage P&I$2,17566%Property Taxes$69021%Insurance$1474%Management$39512%CapEx$1324%Vacancy$993%Maintenance$1324%Other$36211%

Investment Breakdown

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Purchase Price

$420k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$84,000

Closing costs

1%

$4,200

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,288

Total Expenses

$4,132

Mortgage P&I

66%

$2,175

Property Taxes

21%

$690

Home Insurance

4%

$147

HOA

0%

$0

Property Management

12%

$395

CapEx

4%

$132

Vacancy

3%

$99

Maintenance

4%

$132

Other

11%

$362

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