REI Lense

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$2,880 (target)

2003 Hamilton Ln, Corsicana, TX 75109

3 beds • 3 baths • 2108 sqft

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This property looks like a bad Mid-Term investment with a projected -9.62% first-year return on $113k initial cash invested.

-9.62%

Cash On Cash

3.94%

Cap Rate

0.65

DSCR

$2,880

Rent

-$910

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,880 income − $3,790 expenses = $910 out of pocket

Income$2,880Out of Pocket$910Mortgage P&I$2,28679%Property Taxes$35912%Insurance$1666%Management$34612%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31711%

Investment Breakdown

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Purchase Price

$455k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,920

Closing costs

1%

$4,546

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,880

Total Expenses

$3,790

Mortgage P&I

79%

$2,286

Property Taxes

12%

$359

Home Insurance

6%

$166

HOA

0%

$0

Property Management

12%

$346

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$317

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