REI Lense

REI Lense

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$2,118 (target)

1805 Sharon Dr, Corinth, TX 76210

3 beds • 2 baths • 1631 sqft

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This property looks like a bad Long-Term investment with a projected -7.82% first-year return on $60,900 initial cash invested.

-7.82%

Cash On Cash

4.87%

Cap Rate

0.8

DSCR

$2,118

Rent

-$397

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,118 income − $2,515 expenses = $397 out of pocket

Income$2,118Out of Pocket$397Mortgage P&I$1,46869%Property Taxes$39419%Insurance$1025%Management$21210%CapEx$1065%Vacancy$1276%Maintenance$1065%

Investment Breakdown

|

Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,900

Downpayment

20%

$58,000

Closing costs

1%

$2,900

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,118

Total Expenses

$2,515

Mortgage P&I

69%

$1,468

Property Taxes

19%

$394

Home Insurance

5%

$102

HOA

0%

$0

Property Management

10%

$212

CapEx

5%

$106

Vacancy

6%

$127

Maintenance

5%

$106

Other

0%

$0

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