REI Lense

REI Lense

$2,493 (target)

2605 Creekside Hills Blvd, Copperas Cove, TX 76522

3 beds • 2 baths • 1803 sqft

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This property looks like a bad Mid-Term investment with a projected -4.7% first-year return on $74,532 initial cash invested.

-4.7%

Cash On Cash

5.73%

Cap Rate

0.87

DSCR

$2,493

Rent

-$292

Cashflow

Cash Flow

$2,493 income − $2,785 expenses = $292 out of pocket

Income$2,493Out ofPocket$292P&I$1,47859%Taxes$36515%Insurance$944%Mgmt$29912%CapEx$1004%Vacancy$753%Maint.$1004%Other$27411%

Investment Breakdown

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Purchase Price

$269k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,532

Downpayment

20%

$53,840

Closing costs

1%

$2,692

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,493

Total Expenses

$2,785

Mortgage P&I

59%

$1,478

Property Taxes

15%

$365

Home Insurance

4%

$94

HOA

0%

$0

Property Management

12%

$299

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$274

See Copperas Cove, TX mid-term rental market →

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