REI Lense

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$3,508 (target)

2416 Lake Air Dr, Waco, TX 76710

3 beds • 2 baths • 1545 sqft

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This property might be a fair Mid-Term investment with a projected 9.35% first-year return on $66,594 initial cash invested.

9.35%

Cash On Cash

9.88%

Cap Rate

1.53

DSCR

$3,508

Rent

$519

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,508 income − $2,989 expenses = $519 cash flow

Income$3,508Mortgage P&I$1,24636%Property Taxes$47414%Insurance$772%Management$42112%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38611%Cash Flow$519

Investment Breakdown

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Purchase Price

$231k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,594

Downpayment

20%

$46,280

Closing costs

1%

$2,314

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,508

Total Expenses

$2,989

Mortgage P&I

36%

$1,246

Property Taxes

14%

$474

Home Insurance

2%

$77

HOA

0%

$0

Property Management

12%

$421

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$386

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