REI Lense

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$3,638 (target)

2135 Lake Estates Dr, Rockwall, TX 75032

3 beds • 3 baths • 2863 sqft

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This property looks like a bad Long-Term investment with a projected -17.52% first-year return on $167k initial cash invested.

-17.52%

Cash On Cash

2.52%

Cap Rate

0.43

DSCR

$3,638

Rent

-$2,444

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,638 income − $6,082 expenses = $2,444 out of pocket

Income$3,638Out of Pocket$2,444Mortgage P&I$3,936108%Property Taxes$83623%Insurance$2898%HOA$752%Management$36410%CapEx$1825%Vacancy$2186%Maintenance$1825%

Investment Breakdown

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Purchase Price

$797k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$167k

Downpayment

20%

$159k

Closing costs

1%

$7,971

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,638

Total Expenses

$6,082

Mortgage P&I

108%

$3,936

Property Taxes

23%

$836

Home Insurance

8%

$289

HOA

2%

$75

Property Management

10%

$364

CapEx

5%

$182

Vacancy

6%

$218

Maintenance

5%

$182

Other

0%

$0

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