REI Lense

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$1,917 (target)

244 Richard Ln, Azle, TX 76020

3 beds • 2 baths • 1646 sqft

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This property looks like a bad Long-Term investment with a projected -15.93% first-year return on $68,607 initial cash invested.

-15.93%

Cash On Cash

3.58%

Cap Rate

0.54

DSCR

$1,917

Rent

-$911

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,917 income − $2,828 expenses = $911 out of pocket

Income$1,917Out of Pocket$911Mortgage P&I$1,79193%Property Taxes$42222%Insurance$1166%Management$19210%CapEx$965%Vacancy$1156%Maintenance$965%

Investment Breakdown

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Purchase Price

$327k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,607

Downpayment

20%

$65,340

Closing costs

1%

$3,267

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,917

Total Expenses

$2,828

Mortgage P&I

93%

$1,791

Property Taxes

22%

$422

Home Insurance

6%

$116

HOA

0%

$0

Property Management

10%

$192

CapEx

5%

$96

Vacancy

6%

$115

Maintenance

5%

$96

Other

0%

$0

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