REI Lense

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$2,348 (target)

2325 N Lockhart St, Sherman, TX 75092

3 beds • 3 baths • 1404 sqft

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This property looks like a bad Mid-Term investment with a projected -9.68% first-year return on $79,320 initial cash invested.

-9.68%

Cash On Cash

4.19%

Cap Rate

0.65

DSCR

$2,348

Rent

-$640

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,348 income − $2,988 expenses = $640 out of pocket

Income$2,348Out of Pocket$640Mortgage P&I$1,56667%Property Taxes$51922%Insurance$1054%Management$28212%CapEx$944%Vacancy$703%Maintenance$944%Other$25811%

Investment Breakdown

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Purchase Price

$292k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,320

Downpayment

20%

$58,400

Closing costs

1%

$2,920

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,348

Total Expenses

$2,988

Mortgage P&I

67%

$1,566

Property Taxes

22%

$519

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$282

CapEx

4%

$94

Vacancy

3%

$70

Maintenance

4%

$94

Other

11%

$258

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