REI Lense

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$1,953 (target)

213 Bowie Ln, Hewitt, TX 76643

3 beds • 2 baths • 1514 sqft

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This property looks like a bad Long-Term investment with a projected -14.92% first-year return on $71,421 initial cash invested.

-14.92%

Cash On Cash

3.29%

Cap Rate

0.54

DSCR

$1,953

Rent

-$888

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,953 income − $2,841 expenses = $888 out of pocket

Income$1,953Out of Pocket$888Mortgage P&I$1,72288%Property Taxes$51526%Insurance$965%Management$19510%CapEx$985%Vacancy$1176%Maintenance$985%

Investment Breakdown

|

Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,421

Downpayment

20%

$68,020

Closing costs

1%

$3,401

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,953

Total Expenses

$2,841

Mortgage P&I

88%

$1,722

Property Taxes

26%

$515

Home Insurance

5%

$96

HOA

0%

$0

Property Management

10%

$195

CapEx

5%

$98

Vacancy

6%

$117

Maintenance

5%

$98

Other

0%

$0

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