REI Lense

REI Lense

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$1,913 (target)

2 Mountain Climb Rd, Sherman, TX 75092

3 beds • 2 baths • 1578 sqft

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This property looks like a bad Long-Term investment with a projected -8.66% first-year return on $75,390 initial cash invested.

-8.66%

Cash On Cash

4.54%

Cap Rate

0.75

DSCR

$1,913

Rent

-$544

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,913 income − $2,457 expenses = $544 out of pocket

Income$1,913Out of Pocket$544Mortgage P&I$1,80794%Property Taxes$261%Insurance$1267%Management$19110%CapEx$965%Vacancy$1156%Maintenance$965%

Investment Breakdown

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Purchase Price

$359k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,390

Downpayment

20%

$71,800

Closing costs

1%

$3,590

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,913

Total Expenses

$2,457

Mortgage P&I

94%

$1,807

Property Taxes

1%

$26

Home Insurance

7%

$126

HOA

0%

$0

Property Management

10%

$191

CapEx

5%

$96

Vacancy

6%

$115

Maintenance

5%

$96

Other

0%

$0

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