REI Lense

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$3,629 (target)

217 Castle Creek Dr, Red Oak, TX 75154

3 beds • 3 baths • 3856 sqft

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This property looks like a bad Long-Term investment with a projected -17.07% first-year return on $145k initial cash invested.

-17.07%

Cash On Cash

2.64%

Cap Rate

0.45

DSCR

$3,629

Rent

-$2,058

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,629 income − $5,687 expenses = $2,058 out of pocket

Income$3,629Out of Pocket$2,058Mortgage P&I$3,39494%Property Taxes$1,07430%Insurance$2417%HOA$351%Management$36310%CapEx$1815%Vacancy$2186%Maintenance$1815%

Investment Breakdown

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Purchase Price

$689k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$145k

Downpayment

20%

$138k

Closing costs

1%

$6,890

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,629

Total Expenses

$5,687

Mortgage P&I

94%

$3,394

Property Taxes

30%

$1,074

Home Insurance

7%

$241

HOA

1%

$35

Property Management

10%

$363

CapEx

5%

$181

Vacancy

6%

$218

Maintenance

5%

$181

Other

0%

$0

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