REI Lense

REI Lense

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$3,017 (target)

22 Spring Oaks Rd, Burleson, TX 76028

3 beds • 2 baths • 1677 sqft

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This property looks like a bad Long-Term investment with a projected -9.57% first-year return on $85,239 initial cash invested.

-9.57%

Cash On Cash

5.09%

Cap Rate

0.76

DSCR

$3,017

Rent

-$680

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,017 income − $3,697 expenses = $680 out of pocket

Income$3,017Out of Pocket$680Mortgage P&I$2,25075%Property Taxes$51717%Insurance$1455%Management$30210%CapEx$1515%Vacancy$1816%Maintenance$1515%

Investment Breakdown

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Purchase Price

$406k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,239

Downpayment

20%

$81,180

Closing costs

1%

$4,059

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,017

Total Expenses

$3,697

Mortgage P&I

75%

$2,250

Property Taxes

17%

$517

Home Insurance

5%

$145

HOA

0%

$0

Property Management

10%

$302

CapEx

5%

$151

Vacancy

6%

$181

Maintenance

5%

$151

Other

0%

$0

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