REI Lense

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$2,044 (target)

1805 Megan Creek Dr, Little Elm, TX 75068

3 beds • 2 baths • 1441 sqft

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This property looks like a bad Long-Term investment with a projected -10.66% first-year return on $64,029 initial cash invested.

-10.66%

Cash On Cash

4.19%

Cap Rate

0.7

DSCR

$2,044

Rent

-$569

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,044 income − $2,613 expenses = $569 out of pocket

Income$2,044Out of Pocket$569Mortgage P&I$1,53275%Property Taxes$39719%Insurance$1075%HOA$462%Management$20410%CapEx$1025%Vacancy$1236%Maintenance$1025%

Investment Breakdown

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Purchase Price

$305k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,029

Downpayment

20%

$60,980

Closing costs

1%

$3,049

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,044

Total Expenses

$2,613

Mortgage P&I

75%

$1,532

Property Taxes

19%

$397

Home Insurance

5%

$107

HOA

2%

$46

Property Management

10%

$204

CapEx

5%

$102

Vacancy

6%

$123

Maintenance

5%

$102

Other

0%

$0

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