REI Lense

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$1,789 (target)

1832 Phillips Springs Rd, Gladewater, TX 75647

3 beds • 2 baths • 1802 sqft

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This property looks like a bad Long-Term investment with a projected -9.84% first-year return on $54,390 initial cash invested.

-9.84%

Cash On Cash

4.46%

Cap Rate

0.73

DSCR

$1,789

Rent

-$446

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,789 income − $2,235 expenses = $446 out of pocket

Income$1,789Out of Pocket$446Mortgage P&I$1,32074%Property Taxes$36020%Insurance$915%Management$17910%CapEx$895%Vacancy$1076%Maintenance$895%

Investment Breakdown

|

Purchase Price

$259k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,390

Downpayment

20%

$51,800

Closing costs

1%

$2,590

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,789

Total Expenses

$2,235

Mortgage P&I

74%

$1,320

Property Taxes

20%

$360

Home Insurance

5%

$91

HOA

0%

$0

Property Management

10%

$179

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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