REI Lense

REI Lense

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$1,506 (target)

214 Red Bird Ln, Mexia, TX 76667

3 beds • 2 baths • 1383 sqft

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This property might be a fair Long-Term investment with a projected 3.43% first-year return on $31,479 initial cash invested.

3.43%

Cash On Cash

7.67%

Cap Rate

1.21

DSCR

$1,506

Rent

$90

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,506 income − $1,416 expenses = $90 cash flow

Income$1,506Mortgage P&I$79353%Property Taxes$18012%Insurance$523%Management$15110%CapEx$755%Vacancy$906%Maintenance$755%Cash Flow$90

Investment Breakdown

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Purchase Price

$150k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$31,479

Downpayment

20%

$29,980

Closing costs

1%

$1,499

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,506

Total Expenses

$1,416

Mortgage P&I

53%

$793

Property Taxes

12%

$180

Home Insurance

3%

$52

HOA

0%

$0

Property Management

10%

$151

CapEx

5%

$75

Vacancy

6%

$90

Maintenance

5%

$75

Other

0%

$0

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