REI Lense

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$1,990 (target)

2509 Silvermeadow Ln, Corinth, TX 76210

3 beds • 2 baths • 1480 sqft

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This property looks like a bad Long-Term investment with a projected -12.28% first-year return on $66,570 initial cash invested.

-12.28%

Cash On Cash

3.84%

Cap Rate

0.64

DSCR

$1,990

Rent

-$681

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,990 income − $2,671 expenses = $681 out of pocket

Income$1,990Out of Pocket$681Mortgage P&I$1,59580%Property Taxes$44722%Insurance$1116%Management$19910%CapEx$1005%Vacancy$1196%Maintenance$1005%

Investment Breakdown

|

Purchase Price

$317k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,570

Downpayment

20%

$63,400

Closing costs

1%

$3,170

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,990

Total Expenses

$2,671

Mortgage P&I

80%

$1,595

Property Taxes

22%

$447

Home Insurance

6%

$111

HOA

0%

$0

Property Management

10%

$199

CapEx

5%

$100

Vacancy

6%

$119

Maintenance

5%

$100

Other

0%

$0

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