REI Lense

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$1,970 (target)

21866 Briggs Coleman Rd, Harlingen, TX 78550

3 beds • 2 baths • 2060 sqft

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This property looks like a bad Long-Term investment with a projected -19.54% first-year return on $126k initial cash invested.

-19.54%

Cash On Cash

2.17%

Cap Rate

0.36

DSCR

$1,970

Rent

-$2,052

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,970 income − $4,022 expenses = $2,052 out of pocket

Income$1,970Out of Pocket$2,052Mortgage P&I$3,037154%Property Taxes$26413%Insurance$21011%Management$19710%CapEx$985%Vacancy$1186%Maintenance$985%

Investment Breakdown

|

Purchase Price

$600k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$120k

Closing costs

1%

$6,000

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,970

Total Expenses

$4,022

Mortgage P&I

154%

$3,037

Property Taxes

13%

$264

Home Insurance

11%

$210

HOA

0%

$0

Property Management

10%

$197

CapEx

5%

$98

Vacancy

6%

$118

Maintenance

5%

$98

Other

0%

$0

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