REI Lense

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$2,972 (target)

213 Westpark Dr S, McKinney, TX 75071

3 beds • 4 baths • 2698 sqft

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This property looks like a bad Long-Term investment with a projected -12.83% first-year return on $109k initial cash invested.

-12.83%

Cash On Cash

3.6%

Cap Rate

0.6

DSCR

$2,972

Rent

-$1,165

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,972 income − $4,137 expenses = $1,165 out of pocket

Income$2,972Out of Pocket$1,165Mortgage P&I$2,57287%Property Taxes$61021%Insurance$1826%Management$29710%CapEx$1495%Vacancy$1786%Maintenance$1495%

Investment Breakdown

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Purchase Price

$519k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$104k

Closing costs

1%

$5,189

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,972

Total Expenses

$4,137

Mortgage P&I

87%

$2,572

Property Taxes

21%

$610

Home Insurance

6%

$182

HOA

0%

$0

Property Management

10%

$297

CapEx

5%

$149

Vacancy

6%

$178

Maintenance

5%

$149

Other

0%

$0

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