REI Lense

REI Lense

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$2,516 (target)

2512 Real Quiet Dr, Forney, TX 75126

3 beds • 3 baths • 2462 sqft

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This property looks like a bad Long-Term investment with a projected -2.29% first-year return on $63,000 initial cash invested.

-2.29%

Cash On Cash

6.02%

Cap Rate

1

DSCR

$2,516

Rent

-$120

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,516 income − $2,636 expenses = $120 out of pocket

Income$2,516Out of Pocket$120Mortgage P&I$1,49960%Property Taxes$33913%Insurance$1054%HOA$382%Management$25210%CapEx$1265%Vacancy$1516%Maintenance$1265%

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,000

Downpayment

20%

$60,000

Closing costs

1%

$3,000

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,516

Total Expenses

$2,636

Mortgage P&I

60%

$1,499

Property Taxes

13%

$339

Home Insurance

4%

$105

HOA

2%

$38

Property Management

10%

$252

CapEx

5%

$126

Vacancy

6%

$151

Maintenance

5%

$126

Other

0%

$0

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