REI Lense

REI Lense

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$2,930 (target)

213 Bowie Ln, Hewitt, TX 76643

3 beds • 2 baths • 1514 sqft

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This property looks like a bad Mid-Term investment with a projected -5.35% first-year return on $89,421 initial cash invested.

-5.35%

Cash On Cash

5.08%

Cap Rate

0.84

DSCR

$2,930

Rent

-$399

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,930 income − $3,329 expenses = $399 out of pocket

Income$2,930Out of Pocket$399Mortgage P&I$1,72259%Property Taxes$51518%Insurance$963%Management$35212%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32211%

Investment Breakdown

|

Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,421

Downpayment

20%

$68,020

Closing costs

1%

$3,401

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,930

Total Expenses

$3,329

Mortgage P&I

59%

$1,722

Property Taxes

18%

$515

Home Insurance

3%

$96

HOA

0%

$0

Property Management

12%

$352

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$322

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