REI Lense

REI Lense

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$2,414 (target)

2317 Smokerise Dr, Arlington, TX 76016

3 beds • 2 baths • 1732 sqft

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This property looks like a bad Long-Term investment with a projected -10.55% first-year return on $71,001 initial cash invested.

-10.55%

Cash On Cash

4.25%

Cap Rate

0.7

DSCR

$2,414

Rent

-$624

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,414 income − $3,038 expenses = $624 out of pocket

Income$2,414Out of Pocket$624Mortgage P&I$1,70170%Property Taxes$58824%Insurance$1215%Management$24110%CapEx$1215%Vacancy$1456%Maintenance$1215%

Investment Breakdown

|

Purchase Price

$338k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,001

Downpayment

20%

$67,620

Closing costs

1%

$3,381

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,414

Total Expenses

$3,038

Mortgage P&I

70%

$1,701

Property Taxes

24%

$588

Home Insurance

5%

$121

HOA

0%

$0

Property Management

10%

$241

CapEx

5%

$121

Vacancy

6%

$145

Maintenance

5%

$121

Other

0%

$0

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