REI Lense

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$2,684 (target)

1832 Phillips Springs Rd, Gladewater, TX 75647

3 beds • 2 baths • 1802 sqft

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This property might be a fair Mid-Term investment with a projected 0.02% first-year return on $72,390 initial cash invested.

0.02%

Cash On Cash

6.62%

Cap Rate

1.08

DSCR

$2,684

Rent

$1

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,684 income − $2,683 expenses = $1 cash flow

Income$2,684Mortgage P&I$1,32049%Property Taxes$36013%Insurance$913%Management$32212%CapEx$1074%Vacancy$813%Maintenance$1074%Other$29511%Cash Flow$1

Investment Breakdown

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Purchase Price

$259k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,390

Downpayment

20%

$51,800

Closing costs

1%

$2,590

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,684

Total Expenses

$2,683

Mortgage P&I

49%

$1,320

Property Taxes

13%

$360

Home Insurance

3%

$91

HOA

0%

$0

Property Management

12%

$322

CapEx

4%

$107

Vacancy

3%

$81

Maintenance

4%

$107

Other

11%

$295

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