REI Lense

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$3,219 (target)

2552 Mustang Rd, Gilmer, TX 75645

3 beds • 2 baths • 1708 sqft

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This property looks like a bad Mid-Term investment with a projected -8.11% first-year return on $115k initial cash invested.

-8.11%

Cash On Cash

4.7%

Cap Rate

0.74

DSCR

$3,219

Rent

-$778

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,219 income − $3,997 expenses = $778 out of pocket

Income$3,219Out of Pocket$778Mortgage P&I$2,46276%Property Taxes$2749%Insurance$1665%Management$38612%CapEx$1294%Vacancy$973%Maintenance$1294%Other$35411%

Investment Breakdown

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Purchase Price

$463k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$92,540

Closing costs

1%

$4,627

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,219

Total Expenses

$3,997

Mortgage P&I

76%

$2,462

Property Taxes

9%

$274

Home Insurance

5%

$166

HOA

0%

$0

Property Management

12%

$386

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$354

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