REI Lense

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$2,259 (target)

214 Red Bird Ln, Mexia, TX 76667

3 beds • 2 baths • 1383 sqft

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This property could be a profitable Mid-Term investment with a projected 11.33% first-year return on $49,479 initial cash invested.

11.33%

Cash On Cash

10.81%

Cap Rate

1.7

DSCR

$2,259

Rent

$467

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,259 income − $1,792 expenses = $467 cash flow

Income$2,259Mortgage P&I$79335%Property Taxes$1808%Insurance$522%Management$27112%CapEx$904%Vacancy$683%Maintenance$904%Other$24811%Cash Flow$467

Investment Breakdown

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Purchase Price

$150k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,479

Downpayment

20%

$29,980

Closing costs

1%

$1,499

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$2,259

Total Expenses

$1,792

Mortgage P&I

35%

$793

Property Taxes

8%

$180

Home Insurance

2%

$52

HOA

0%

$0

Property Management

12%

$271

CapEx

4%

$90

Vacancy

3%

$68

Maintenance

4%

$90

Other

11%

$248

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