REI Lense

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$3,090 (target)

202 Castleridge Dr, Red Oak, TX 75154

3 beds • 2 baths • 1420 sqft

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This property looks like a bad Mid-Term investment with a projected -7.88% first-year return on $107k initial cash invested.

-7.88%

Cash On Cash

4.21%

Cap Rate

0.72

DSCR

$3,090

Rent

-$704

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,090 income − $3,794 expenses = $704 out of pocket

Income$3,090Out of Pocket$704Mortgage P&I$2,07267%Property Taxes$52117%Insurance$1495%Management$37112%CapEx$1244%Vacancy$933%Maintenance$1244%Other$34011%

Investment Breakdown

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Purchase Price

$425k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$85,000

Closing costs

1%

$4,250

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,090

Total Expenses

$3,794

Mortgage P&I

67%

$2,072

Property Taxes

17%

$521

Home Insurance

5%

$149

HOA

0%

$0

Property Management

12%

$371

CapEx

4%

$124

Vacancy

3%

$93

Maintenance

4%

$124

Other

11%

$340

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