REI Lense

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$3,698 (target)

1831 Scarlet Oak Rd, Gilmer, TX 75645

3 beds • 3 baths • 2376 sqft

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This property looks like a bad Mid-Term investment with a projected -0.02% first-year return on $98,829 initial cash invested.

-0.02%

Cash On Cash

6.47%

Cap Rate

1.08

DSCR

$3,698

Rent

-$2

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,698 income − $3,700 expenses = $2 out of pocket

Income$3,698Out of Pocket$2Mortgage P&I$1,92852%Property Taxes$37910%Insurance$1354%Management$44412%CapEx$1484%Vacancy$1113%Maintenance$1484%Other$40711%

Investment Breakdown

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Purchase Price

$385k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,829

Downpayment

20%

$76,980

Closing costs

1%

$3,849

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,698

Total Expenses

$3,700

Mortgage P&I

52%

$1,928

Property Taxes

10%

$379

Home Insurance

4%

$135

HOA

0%

$0

Property Management

12%

$444

CapEx

4%

$148

Vacancy

3%

$111

Maintenance

4%

$148

Other

11%

$407

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