REI Lense

REI Lense

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$2,168 (target)

214 McClendon Ln, Longview, TX 75605

3 beds • 2 baths • 1759 sqft

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This property looks like a bad Long-Term investment with a projected -5.65% first-year return on $56,322 initial cash invested.

-5.65%

Cash On Cash

5.24%

Cap Rate

0.88

DSCR

$2,168

Rent

-$265

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,168 income − $2,433 expenses = $265 out of pocket

Income$2,168Out of Pocket$265Mortgage P&I$1,32861%Property Taxes$44821%Insurance$944%Management$21710%CapEx$1085%Vacancy$1306%Maintenance$1085%

Investment Breakdown

|

Purchase Price

$268k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,322

Downpayment

20%

$53,640

Closing costs

1%

$2,682

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,168

Total Expenses

$2,433

Mortgage P&I

61%

$1,328

Property Taxes

21%

$448

Home Insurance

4%

$94

HOA

0%

$0

Property Management

10%

$217

CapEx

5%

$108

Vacancy

6%

$130

Maintenance

5%

$108

Other

0%

$0

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