REI Lense

REI Lense

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$2,467 (target)

2606 Hickory Bend Dr, Garland, TX 75044

3 beds • 3 baths • 2062 sqft

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This property looks like a bad Long-Term investment with a projected -2.41% first-year return on $70,350 initial cash invested.

-2.41%

Cash On Cash

5.96%

Cap Rate

0.99

DSCR

$2,467

Rent

-$141

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,467 income − $2,608 expenses = $141 out of pocket

Income$2,467Out of Pocket$141Mortgage P&I$1,68268%Property Taxes$1687%Insurance$1175%Management$24710%CapEx$1235%Vacancy$1486%Maintenance$1235%

Investment Breakdown

|

Purchase Price

$335k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,350

Downpayment

20%

$67,000

Closing costs

1%

$3,350

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,467

Total Expenses

$2,608

Mortgage P&I

68%

$1,682

Property Taxes

7%

$168

Home Insurance

5%

$117

HOA

0%

$0

Property Management

10%

$247

CapEx

5%

$123

Vacancy

6%

$148

Maintenance

5%

$123

Other

0%

$0

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