REI Lense

REI Lense

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$2,239 (target)

237 Flatwood Dr, Little Elm, TX 75068

3 beds • 2 baths • 1567 sqft

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This property looks like a bad Long-Term investment with a projected -10.36% first-year return on $66,738 initial cash invested.

-10.36%

Cash On Cash

4.2%

Cap Rate

0.71

DSCR

$2,239

Rent

-$576

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,239 income − $2,815 expenses = $576 out of pocket

Income$2,239Out of Pocket$576Mortgage P&I$1,57570%Property Taxes$52724%Insurance$1145%HOA$171%Management$22410%CapEx$1125%Vacancy$1346%Maintenance$1125%

Investment Breakdown

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Purchase Price

$318k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,738

Downpayment

20%

$63,560

Closing costs

1%

$3,178

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,239

Total Expenses

$2,815

Mortgage P&I

70%

$1,575

Property Taxes

24%

$527

Home Insurance

5%

$114

HOA

1%

$17

Property Management

10%

$224

CapEx

5%

$112

Vacancy

6%

$134

Maintenance

5%

$112

Other

0%

$0

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