REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$2,602 (target)

2205 Covington Ct, Sherman, TX 75092

3 beds • 2 baths • 2325 sqft

Email

This property looks like a bad Long-Term investment with a projected -13.93% first-year return on $78,750 initial cash invested.

-13.93%

Cash On Cash

3.88%

Cap Rate

0.61

DSCR

$2,602

Rent

-$914

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,602 income − $3,516 expenses = $914 out of pocket

Income$2,602Out of Pocket$914Mortgage P&I$1,99677%Property Taxes$71327%Insurance$1315%Management$26010%CapEx$1305%Vacancy$1566%Maintenance$1305%

Investment Breakdown

|

Purchase Price

$375k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,750

Downpayment

20%

$75,000

Closing costs

1%

$3,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,602

Total Expenses

$3,516

Mortgage P&I

77%

$1,996

Property Taxes

27%

$713

Home Insurance

5%

$131

HOA

0%

$0

Property Management

10%

$260

CapEx

5%

$130

Vacancy

6%

$156

Maintenance

5%

$130

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis