REI Lense

REI Lense

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$2,339 (target)

2416 Lake Air Dr, Waco, TX 76710

3 beds • 2 baths • 1545 sqft

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This property looks like a bad Long-Term investment with a projected -1.63% first-year return on $48,594 initial cash invested.

-1.63%

Cash On Cash

6.73%

Cap Rate

1.04

DSCR

$2,339

Rent

-$66

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,339 income − $2,405 expenses = $66 out of pocket

Income$2,339Out of Pocket$66Mortgage P&I$1,24653%Property Taxes$47420%Insurance$773%Management$23410%CapEx$1175%Vacancy$1406%Maintenance$1175%

Investment Breakdown

|

Purchase Price

$231k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,594

Downpayment

20%

$46,280

Closing costs

1%

$2,314

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,339

Total Expenses

$2,405

Mortgage P&I

53%

$1,246

Property Taxes

20%

$474

Home Insurance

3%

$77

HOA

0%

$0

Property Management

10%

$234

CapEx

5%

$117

Vacancy

6%

$140

Maintenance

5%

$117

Other

0%

$0

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