REI Lense

REI Lense

Unlock all features! Tap here to upgrade

img

2622 Covington Dr, Garland, TX 75040

3 beds • 3 baths • 2451 sqft

Email

This property looks like a bad Mid-Term investment with a projected -0.23% first-year return on $112k initial cash invested.

-0.23%

Cash On Cash

6.28%

Cap Rate

1.08

DSCR

$4,774

Rent

-$21

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$448k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,500

Closing costs

1%

$4,475

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,774

Total Expenses

$4,795

Mortgage P&I

46%

$2,173

Property Taxes

18%

$866

Home Insurance

3%

$127

HOA

0%

$6

Property Management

12%

$573

CapEx

4%

$191

Vacancy

3%

$143

Maintenance

4%

$191

Other

11%

$525

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis