REI Lense

REI Lense

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$2,678 (target)

2512 Terrace Ave, Midland, TX 79705

3 beds • 2 baths • 1876 sqft

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This property looks like a bad Long-Term investment with a projected -3.94% first-year return on $82,740 initial cash invested.

-3.94%

Cash On Cash

5.54%

Cap Rate

0.93

DSCR

$2,678

Rent

-$272

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,678 income − $2,950 expenses = $272 out of pocket

Income$2,678Out of Pocket$272Mortgage P&I$1,95773%Property Taxes$1586%Insurance$1385%Management$26810%CapEx$1345%Vacancy$1616%Maintenance$1345%

Investment Breakdown

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Purchase Price

$394k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,740

Downpayment

20%

$78,800

Closing costs

1%

$3,940

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,678

Total Expenses

$2,950

Mortgage P&I

73%

$1,957

Property Taxes

6%

$158

Home Insurance

5%

$138

HOA

0%

$0

Property Management

10%

$268

CapEx

5%

$134

Vacancy

6%

$161

Maintenance

5%

$134

Other

0%

$0

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