REI Lense

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$2,876 (target)

244 Richard Ln, Azle, TX 76020

3 beds • 2 baths • 1646 sqft

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This property looks like a bad Mid-Term investment with a projected -5.96% first-year return on $86,607 initial cash invested.

-5.96%

Cash On Cash

5.42%

Cap Rate

0.82

DSCR

$2,876

Rent

-$430

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,876 income − $3,306 expenses = $430 out of pocket

Income$2,876Out of Pocket$430Mortgage P&I$1,79162%Property Taxes$42215%Insurance$1164%Management$34512%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31611%

Investment Breakdown

|

Purchase Price

$327k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,607

Downpayment

20%

$65,340

Closing costs

1%

$3,267

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,876

Total Expenses

$3,306

Mortgage P&I

62%

$1,791

Property Taxes

15%

$422

Home Insurance

4%

$116

HOA

0%

$0

Property Management

12%

$345

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$316

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