REI Lense

REI Lense

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$2,263 (target)

2602 Princewood Dr, Garland, TX 75040

3 beds • 2 baths • 1846 sqft

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This property looks like a bad Long-Term investment with a projected -13.47% first-year return on $69,594 initial cash invested.

-13.47%

Cash On Cash

3.65%

Cap Rate

0.6

DSCR

$2,263

Rent

-$781

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,263 income − $3,044 expenses = $781 out of pocket

Income$2,263Out of Pocket$781Mortgage P&I$1,67774%Property Taxes$66329%Insurance$1165%Management$22610%CapEx$1135%Vacancy$1366%Maintenance$1135%

Investment Breakdown

|

Purchase Price

$331k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,594

Downpayment

20%

$66,280

Closing costs

1%

$3,314

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,263

Total Expenses

$3,044

Mortgage P&I

74%

$1,677

Property Taxes

29%

$663

Home Insurance

5%

$116

HOA

0%

$0

Property Management

10%

$226

CapEx

5%

$113

Vacancy

6%

$136

Maintenance

5%

$113

Other

0%

$0

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