REI Lense

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$2,140 (target)

2213 Mockingbird Ln, Garland, TX 75042

3 beds • 2 baths • 1659 sqft

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This property looks like a bad Long-Term investment with a projected -13.82% first-year return on $68,250 initial cash invested.

-13.82%

Cash On Cash

3.49%

Cap Rate

0.58

DSCR

$2,140

Rent

-$786

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,140 income − $2,926 expenses = $786 out of pocket

Income$2,140Out of Pocket$786Mortgage P&I$1,62376%Property Taxes$63330%Insurance$1145%Management$21410%CapEx$1075%Vacancy$1286%Maintenance$1075%

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,250

Downpayment

20%

$65,000

Closing costs

1%

$3,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,140

Total Expenses

$2,926

Mortgage P&I

76%

$1,623

Property Taxes

30%

$633

Home Insurance

5%

$114

HOA

0%

$0

Property Management

10%

$214

CapEx

5%

$107

Vacancy

6%

$128

Maintenance

5%

$107

Other

0%

$0

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