REI Lense

REI Lense

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$2,870 (target)

2213 Proctor Dr, Carrollton, TX 75007

3 beds • 2 baths • 2831 sqft

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This property looks like a bad Long-Term investment with a projected -5.56% first-year return on $86,373 initial cash invested.

-5.56%

Cash On Cash

5.5%

Cap Rate

0.88

DSCR

$2,870

Rent

-$400

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,870 income − $3,270 expenses = $400 out of pocket

Income$2,870Out of Pocket$400Mortgage P&I$2,14275%Property Taxes$2348%Insurance$1475%Management$28710%CapEx$1445%Vacancy$1726%Maintenance$1445%

Investment Breakdown

|

Purchase Price

$411k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,373

Downpayment

20%

$82,260

Closing costs

1%

$4,113

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,870

Total Expenses

$3,270

Mortgage P&I

75%

$2,142

Property Taxes

8%

$234

Home Insurance

5%

$147

HOA

0%

$0

Property Management

10%

$287

CapEx

5%

$144

Vacancy

6%

$172

Maintenance

5%

$144

Other

0%

$0

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