REI Lense

REI Lense

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$1,907 (target)

2018 Manzanares Dr, Laredo, TX 78045

3 beds • 2 baths • 1499 sqft

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This property looks like a bad Long-Term investment with a projected -12.07% first-year return on $61,950 initial cash invested.

-12.07%

Cash On Cash

4%

Cap Rate

0.65

DSCR

$1,907

Rent

-$623

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,907 income − $2,530 expenses = $623 out of pocket

Income$1,907Out of Pocket$623Mortgage P&I$1,51179%Property Taxes$40221%Insurance$1035%HOA$191%Management$19110%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

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Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,950

Downpayment

20%

$59,000

Closing costs

1%

$2,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,907

Total Expenses

$2,530

Mortgage P&I

79%

$1,511

Property Taxes

21%

$402

Home Insurance

5%

$103

HOA

1%

$19

Property Management

10%

$191

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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