REI Lense

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$2,350 (target)

2314 Club Oaks Ct, McKinney, TX 75072

3 beds • 3 baths • 1924 sqft

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This property looks like a bad Long-Term investment with a projected -16.84% first-year return on $97,650 initial cash invested.

-16.84%

Cash On Cash

2.84%

Cap Rate

0.47

DSCR

$2,350

Rent

-$1,370

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,350 income − $3,720 expenses = $1,370 out of pocket

Income$2,350Out of Pocket$1,370Mortgage P&I$2,354100%Property Taxes$56624%Insurance$1637%HOA$251%Management$23510%CapEx$1185%Vacancy$1416%Maintenance$1185%

Investment Breakdown

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Purchase Price

$465k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,650

Downpayment

20%

$93,000

Closing costs

1%

$4,650

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,350

Total Expenses

$3,720

Mortgage P&I

100%

$2,354

Property Taxes

24%

$566

Home Insurance

7%

$163

HOA

1%

$25

Property Management

10%

$235

CapEx

5%

$118

Vacancy

6%

$141

Maintenance

5%

$118

Other

0%

$0

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