REI Lense

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$2,394 (target)

241 Shockley Ave, Desoto, TX 75115

3 beds • 3 baths • 2021 sqft

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This property looks like a bad Long-Term investment with a projected -11.1% first-year return on $66,150 initial cash invested.

-11.1%

Cash On Cash

4.3%

Cap Rate

0.7

DSCR

$2,394

Rent

-$612

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,394 income − $3,006 expenses = $612 out of pocket

Income$2,394Out of Pocket$612Mortgage P&I$1,62268%Property Taxes$65127%Insurance$1105%Management$23910%CapEx$1205%Vacancy$1446%Maintenance$1205%

Investment Breakdown

|

Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,150

Downpayment

20%

$63,000

Closing costs

1%

$3,150

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,394

Total Expenses

$3,006

Mortgage P&I

68%

$1,622

Property Taxes

27%

$651

Home Insurance

5%

$110

HOA

0%

$0

Property Management

10%

$239

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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