REI Lense

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$2,608 (target)

2624 Costa Mesa Dr, Little Elm, TX 75068

3 beds • 3 baths • 2294 sqft

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This property looks like a bad Long-Term investment with a projected -14.6% first-year return on $89,250 initial cash invested.

-14.6%

Cash On Cash

3.31%

Cap Rate

0.55

DSCR

$2,608

Rent

-$1,086

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,608 income − $3,694 expenses = $1,086 out of pocket

Income$2,608Out of Pocket$1,086Mortgage P&I$2,12982%Property Taxes$68426%Insurance$1496%HOA$552%Management$26110%CapEx$1305%Vacancy$1566%Maintenance$1305%

Investment Breakdown

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Purchase Price

$425k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,250

Downpayment

20%

$85,000

Closing costs

1%

$4,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,608

Total Expenses

$3,694

Mortgage P&I

82%

$2,129

Property Taxes

26%

$684

Home Insurance

6%

$149

HOA

2%

$55

Property Management

10%

$261

CapEx

5%

$130

Vacancy

6%

$156

Maintenance

5%

$130

Other

0%

$0

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