REI Lense

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$3,210 (target)

2213 Mockingbird Ln, Garland, TX 75042

3 beds • 2 baths • 1659 sqft

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This property looks like a bad Mid-Term investment with a projected -3.48% first-year return on $86,250 initial cash invested.

-3.48%

Cash On Cash

5.54%

Cap Rate

0.92

DSCR

$3,210

Rent

-$250

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,210 income − $3,460 expenses = $250 out of pocket

Income$3,210Out of Pocket$250Mortgage P&I$1,62351%Property Taxes$63320%Insurance$1144%Management$38512%CapEx$1284%Vacancy$963%Maintenance$1284%Other$35311%

Investment Breakdown

|

Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,250

Downpayment

20%

$65,000

Closing costs

1%

$3,250

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,210

Total Expenses

$3,460

Mortgage P&I

51%

$1,623

Property Taxes

20%

$633

Home Insurance

4%

$114

HOA

0%

$0

Property Management

12%

$385

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$353

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