REI Lense

REI Lense

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$1,647 (target)

1900 SE 26th Ave, Mineral Wells, TX 76067

3 beds • 2 baths • 1244 sqft

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This property looks like a bad Long-Term investment with a projected -2.79% first-year return on $34,440 initial cash invested.

-2.79%

Cash On Cash

6.26%

Cap Rate

1

DSCR

$1,647

Rent

-$80

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,647 income − $1,727 expenses = $80 out of pocket

Income$1,647Out of Pocket$80Mortgage P&I$85452%Property Taxes$38824%Insurance$573%Management$16510%CapEx$825%Vacancy$996%Maintenance$825%

Investment Breakdown

|

Purchase Price

$164k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$34,440

Downpayment

20%

$32,800

Closing costs

1%

$1,640

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,647

Total Expenses

$1,727

Mortgage P&I

52%

$854

Property Taxes

24%

$388

Home Insurance

3%

$57

HOA

0%

$0

Property Management

10%

$165

CapEx

5%

$82

Vacancy

6%

$99

Maintenance

5%

$82

Other

0%

$0

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