REI Lense

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$3,742 (target)

2606 Lavender Ln, Red Oak, TX 75154

3 beds • 2 baths • 2207 sqft

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This property looks like a bad Mid-Term investment with a projected -2.3% first-year return on $93,768 initial cash invested.

-2.3%

Cash On Cash

6.01%

Cap Rate

0.98

DSCR

$3,742

Rent

-$180

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,742 income − $3,922 expenses = $180 out of pocket

Income$3,742Out of Pocket$180Mortgage P&I$1,83849%Property Taxes$63917%Insurance$1283%HOA$441%Management$44912%CapEx$1504%Vacancy$1123%Maintenance$1504%Other$41211%

Investment Breakdown

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Purchase Price

$361k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,768

Downpayment

20%

$72,160

Closing costs

1%

$3,608

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,742

Total Expenses

$3,922

Mortgage P&I

49%

$1,838

Property Taxes

17%

$639

Home Insurance

3%

$128

HOA

1%

$44

Property Management

12%

$449

CapEx

4%

$150

Vacancy

3%

$112

Maintenance

4%

$150

Other

11%

$412

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