REI Lense

REI Lense

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$2,501 (target)

2217 Lockwood Dr, Carrollton, TX 75007

3 beds • 2 baths • 1277 sqft

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This property might be a fair Long-Term investment with a projected 5.3% first-year return on $46,830 initial cash invested.

5.3%

Cash On Cash

8.22%

Cap Rate

1.28

DSCR

$2,501

Rent

$207

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,501 income − $2,294 expenses = $207 cash flow

Income$2,501Mortgage P&I$1,19648%Property Taxes$37015%Insurance$783%Management$25010%CapEx$1255%Vacancy$1506%Maintenance$1255%Cash Flow$207

Investment Breakdown

|

Purchase Price

$223k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,830

Downpayment

20%

$44,600

Closing costs

1%

$2,230

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,501

Total Expenses

$2,294

Mortgage P&I

48%

$1,196

Property Taxes

15%

$370

Home Insurance

3%

$78

HOA

0%

$0

Property Management

10%

$250

CapEx

5%

$125

Vacancy

6%

$150

Maintenance

5%

$125

Other

0%

$0

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