REI Lense

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$2,346 (target)

22594 Fm 47, Wills Point, TX 75169

3 beds • 2 baths • 2895 sqft

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This property looks like a bad Long-Term investment with a projected -20.46% first-year return on $104k initial cash invested.

-20.46%

Cash On Cash

2.03%

Cap Rate

0.34

DSCR

$2,346

Rent

-$1,771

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,346 income − $4,117 expenses = $1,771 out of pocket

Income$2,346Out of Pocket$1,771Mortgage P&I$2,492106%Property Taxes$82235%Insurance$1788%HOA$151%Management$23510%CapEx$1175%Vacancy$1416%Maintenance$1175%

Investment Breakdown

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Purchase Price

$495k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$98,920

Closing costs

1%

$4,946

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,346

Total Expenses

$4,117

Mortgage P&I

106%

$2,492

Property Taxes

35%

$822

Home Insurance

8%

$178

HOA

1%

$15

Property Management

10%

$235

CapEx

5%

$117

Vacancy

6%

$141

Maintenance

5%

$117

Other

0%

$0

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