REI Lense

REI Lense

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$1,557 (target)

1813 N Redbird Ln, Harlingen, TX 78550

3 beds • 2 baths • 1769 sqft

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This property looks like a bad Long-Term investment with a projected -6.29% first-year return on $52,479 initial cash invested.

-6.29%

Cash On Cash

5.1%

Cap Rate

0.84

DSCR

$1,557

Rent

-$275

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,557 income − $1,832 expenses = $275 out of pocket

Income$1,557Out of Pocket$275Mortgage P&I$1,25981%Property Taxes$805%Insurance$886%Management$15610%CapEx$785%Vacancy$936%Maintenance$785%

Investment Breakdown

|

Purchase Price

$250k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,479

Downpayment

20%

$49,980

Closing costs

1%

$2,499

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,557

Total Expenses

$1,832

Mortgage P&I

81%

$1,259

Property Taxes

5%

$80

Home Insurance

6%

$88

HOA

0%

$0

Property Management

10%

$156

CapEx

5%

$78

Vacancy

6%

$93

Maintenance

5%

$78

Other

0%

$0

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