REI Lense

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$2,961 (target)

2206 Morning Glory Dr, Richardson, TX 75082

3 beds • 2 baths • 2203 sqft

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This property looks like a bad Long-Term investment with a projected -13.22% first-year return on $91,350 initial cash invested.

-13.22%

Cash On Cash

4.21%

Cap Rate

0.64

DSCR

$2,961

Rent

-$1,006

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,961 income − $3,967 expenses = $1,006 out of pocket

Income$2,961Out of Pocket$1,006Mortgage P&I$2,38581%Property Taxes$66022%Insurance$1525%Management$29610%CapEx$1485%Vacancy$1786%Maintenance$1485%

Investment Breakdown

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Purchase Price

$435k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,350

Downpayment

20%

$87,000

Closing costs

1%

$4,350

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,961

Total Expenses

$3,967

Mortgage P&I

81%

$2,385

Property Taxes

22%

$660

Home Insurance

5%

$152

HOA

0%

$0

Property Management

10%

$296

CapEx

5%

$148

Vacancy

6%

$178

Maintenance

5%

$148

Other

0%

$0

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