REI Lense

REI Lense

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$2,870 (target)

2 Mountain Climb Rd, Sherman, TX 75092

3 beds • 2 baths • 1578 sqft

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This property looks like a bad Mid-Term investment with a projected -0.84% first-year return on $93,390 initial cash invested.

-0.84%

Cash On Cash

6.21%

Cap Rate

1.03

DSCR

$2,870

Rent

-$65

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,870 income − $2,935 expenses = $65 out of pocket

Income$2,870Out of Pocket$65Mortgage P&I$1,80763%Property Taxes$261%Insurance$1264%Management$34412%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31611%

Investment Breakdown

|

Purchase Price

$359k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,390

Downpayment

20%

$71,800

Closing costs

1%

$3,590

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,870

Total Expenses

$2,935

Mortgage P&I

63%

$1,807

Property Taxes

1%

$26

Home Insurance

4%

$126

HOA

0%

$0

Property Management

12%

$344

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$316

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