REI Lense

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$1,615 (target)

2201 SE 22nd Ave, Mineral Wells, TX 76067

3 beds • 2 baths • 1632 sqft

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This property looks like a bad Long-Term investment with a projected -11.29% first-year return on $56,007 initial cash invested.

-11.29%

Cash On Cash

4.13%

Cap Rate

0.67

DSCR

$1,615

Rent

-$527

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,615 income − $2,142 expenses = $527 out of pocket

Income$1,615Out of Pocket$527Mortgage P&I$1,36384%Property Taxes$26216%Insurance$966%Management$16210%CapEx$815%Vacancy$976%Maintenance$815%

Investment Breakdown

|

Purchase Price

$267k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,007

Downpayment

20%

$53,340

Closing costs

1%

$2,667

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,615

Total Expenses

$2,142

Mortgage P&I

84%

$1,363

Property Taxes

16%

$262

Home Insurance

6%

$96

HOA

0%

$0

Property Management

10%

$162

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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