REI Lense

REI Lense

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$1,236 (target)

2116 Springfield Ave, Laredo, TX 78040

3 beds • 2 baths • 1446 sqft

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This property looks like a bad Mid-Term investment with a projected -10.73% first-year return on $55,800 initial cash invested.

-10.73%

Cash On Cash

3.21%

Cap Rate

0.52

DSCR

$1,236

Rent

-$499

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$180k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,800

Downpayment

20%

$36,000

Closing costs

1%

$1,800

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$1,236

Total Expenses

$1,735

Mortgage P&I

75%

$931

Property Taxes

26%

$322

Home Insurance

5%

$63

HOA

0%

$0

Property Management

12%

$148

CapEx

4%

$49

Vacancy

3%

$37

Maintenance

4%

$49

Other

11%

$136

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