REI Lense

REI Lense

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$1,828 (target)

224 E Grubb Dr, Mesquite, TX 75149

3 beds • 2 baths • 1238 sqft

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This property looks like a bad Long-Term investment with a projected -5.36% first-year return on $51,912 initial cash invested.

-5.36%

Cash On Cash

5.55%

Cap Rate

0.89

DSCR

$1,828

Rent

-$232

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,828 income − $2,060 expenses = $232 out of pocket

Income$1,828Out of Pocket$232Mortgage P&I$1,28470%Property Taxes$21412%Insurance$875%Management$18310%CapEx$915%Vacancy$1106%Maintenance$915%

Investment Breakdown

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Purchase Price

$247k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,912

Downpayment

20%

$49,440

Closing costs

1%

$2,472

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,828

Total Expenses

$2,060

Mortgage P&I

70%

$1,284

Property Taxes

12%

$214

Home Insurance

5%

$87

HOA

0%

$0

Property Management

10%

$183

CapEx

5%

$91

Vacancy

6%

$110

Maintenance

5%

$91

Other

0%

$0

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