REI Lense

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$2,896 (target)

2305 Mobile Dr, Ennis, TX 75119

3 beds • 2 baths • 1302 sqft

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This property might be a fair Mid-Term investment with a projected 2.82% first-year return on $66,300 initial cash invested.

2.82%

Cash On Cash

7.83%

Cap Rate

1.22

DSCR

$2,896

Rent

$156

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,896 income − $2,740 expenses = $156 cash flow

Income$2,896Mortgage P&I$1,22942%Property Taxes$41614%Insurance$803%HOA$291%Management$34812%CapEx$1164%Vacancy$873%Maintenance$1164%Other$31911%Cash Flow$156

Investment Breakdown

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Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,300

Downpayment

20%

$46,000

Closing costs

1%

$2,300

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,896

Total Expenses

$2,740

Mortgage P&I

42%

$1,229

Property Taxes

14%

$416

Home Insurance

3%

$80

HOA

1%

$29

Property Management

12%

$348

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$319

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