REI Lense

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$2,284 (target)

203 Rex Ave, Hooks, TX 75561

3 beds • 2 baths • 1485 sqft

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This property could be a profitable Mid-Term investment with a projected 26.23% first-year return on $38,979 initial cash invested.

26.23%

Cash On Cash

17.54%

Cap Rate

2.82

DSCR

$2,284

Rent

$852

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,284 income − $1,432 expenses = $852 cash flow

Income$2,284Mortgage P&I$51723%Property Taxes$1045%Insurance$352%Management$27412%CapEx$914%Vacancy$693%Maintenance$914%Other$25111%Cash Flow$852

Investment Breakdown

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Purchase Price

$99,900

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,979

Downpayment

20%

$19,980

Closing costs

1%

$999

Rehab

0%

$0

Furnishing

18%

$18,000

Cashflow

Total Income

$2,284

Total Expenses

$1,432

Mortgage P&I

23%

$517

Property Taxes

5%

$104

Home Insurance

2%

$35

HOA

0%

$0

Property Management

12%

$274

CapEx

4%

$91

Vacancy

3%

$69

Maintenance

4%

$91

Other

11%

$251

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