REI Lense

REI Lense

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$2,403 (target)

2616 Fort Ave, Waco, TX 76707

3 beds • 2 baths • 1226 sqft

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This property looks like a bad Mid-Term investment with a projected -0.49% first-year return on $63,318 initial cash invested.

-0.49%

Cash On Cash

6.54%

Cap Rate

1.06

DSCR

$2,403

Rent

-$26

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,403 income − $2,429 expenses = $26 out of pocket

Income$2,403Out of Pocket$26Mortgage P&I$1,10646%Property Taxes$44418%Insurance$633%Management$28812%CapEx$964%Vacancy$723%Maintenance$964%Other$26411%

Investment Breakdown

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Purchase Price

$216k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,318

Downpayment

20%

$43,160

Closing costs

1%

$2,158

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,403

Total Expenses

$2,429

Mortgage P&I

46%

$1,106

Property Taxes

18%

$444

Home Insurance

3%

$63

HOA

0%

$0

Property Management

12%

$288

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$264

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