REI Lense

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$3,464 (target)

2608 Rochelle Dr, McKinney, TX 75070

3 beds • 2 baths • 1775 sqft

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This property looks like a bad Mid-Term investment with a projected -7.75% first-year return on $105k initial cash invested.

-7.75%

Cash On Cash

4.83%

Cap Rate

0.76

DSCR

$3,464

Rent

-$679

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,464 income − $4,143 expenses = $679 out of pocket

Income$3,464Out of Pocket$679Mortgage P&I$2,21064%Property Taxes$60918%Insurance$1454%Management$41612%CapEx$1394%Vacancy$1043%Maintenance$1394%Other$38111%

Investment Breakdown

|

Purchase Price

$415k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$83,000

Closing costs

1%

$4,150

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,464

Total Expenses

$4,143

Mortgage P&I

64%

$2,210

Property Taxes

18%

$609

Home Insurance

4%

$145

HOA

0%

$0

Property Management

12%

$416

CapEx

4%

$139

Vacancy

3%

$104

Maintenance

4%

$139

Other

11%

$381

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