REI Lense

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$2,700 (target)

2613 W Cascade Dr, Sherman, TX 75092

3 beds • 4 baths • 3984 sqft

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This property looks like a bad Long-Term investment with a projected -19.22% first-year return on $94,290 initial cash invested.

-19.22%

Cash On Cash

2.48%

Cap Rate

0.4

DSCR

$2,700

Rent

-$1,510

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,700 income − $4,210 expenses = $1,510 out of pocket

Income$2,700Out of Pocket$1,510Mortgage P&I$2,30285%Property Taxes$1,04939%Insurance$1576%Management$27010%CapEx$1355%Vacancy$1626%Maintenance$1355%

Investment Breakdown

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Purchase Price

$449k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,290

Downpayment

20%

$89,800

Closing costs

1%

$4,490

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,700

Total Expenses

$4,210

Mortgage P&I

85%

$2,302

Property Taxes

39%

$1,049

Home Insurance

6%

$157

HOA

0%

$0

Property Management

10%

$270

CapEx

5%

$135

Vacancy

6%

$162

Maintenance

5%

$135

Other

0%

$0

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