REI Lense

REI Lense

$3,182 (target)

2513 Real Quiet Dr, Forney, TX 75126

3 beds • 2 baths • 1490 sqft

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This property might be a fair Mid-Term investment with a projected 0.09% first-year return on $70,500 initial cash invested.

0.09%

Cash On Cash

7.17%

Cap Rate

1.1

DSCR

$3,182

Rent

$5

Cashflow

Cash Flow

$3,182 income − $3,177 expenses = $5 cash flow

Income$3,182P&I$1,36143%Taxes$60919%Insurance$883%HOA$381%Mgmt$38212%CapEx$1274%Vacancy$953%Maint.$1274%Other$35011%Cash Flow$5

Investment Breakdown

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Purchase Price

$250k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,500

Downpayment

20%

$50,000

Closing costs

1%

$2,500

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,182

Total Expenses

$3,177

Mortgage P&I

43%

$1,361

Property Taxes

19%

$609

Home Insurance

3%

$88

HOA

1%

$38

Property Management

12%

$382

CapEx

4%

$127

Vacancy

3%

$95

Maintenance

4%

$127

Other

11%

$350

See Forney, TX mid-term rental market →

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