REI Lense

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$2,495 (target)

2606 Lavender Ln, Red Oak, TX 75154

3 beds • 2 baths • 2207 sqft

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This property looks like a bad Long-Term investment with a projected -12.73% first-year return on $75,768 initial cash invested.

-12.73%

Cash On Cash

3.85%

Cap Rate

0.63

DSCR

$2,495

Rent

-$804

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,495 income − $3,299 expenses = $804 out of pocket

Income$2,495Out of Pocket$804Mortgage P&I$1,83874%Property Taxes$63926%Insurance$1285%HOA$442%Management$25010%CapEx$1255%Vacancy$1506%Maintenance$1255%

Investment Breakdown

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Purchase Price

$361k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,768

Downpayment

20%

$72,160

Closing costs

1%

$3,608

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,495

Total Expenses

$3,299

Mortgage P&I

74%

$1,838

Property Taxes

26%

$639

Home Insurance

5%

$128

HOA

2%

$44

Property Management

10%

$250

CapEx

5%

$125

Vacancy

6%

$150

Maintenance

5%

$125

Other

0%

$0

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