REI Lense

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$1,502 (target)

2624 San Fernando Dr, Odessa, TX 79763

3 beds • 2 baths • 1204 sqft

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This property looks like a bad Long-Term investment with a projected -12.32% first-year return on $49,875 initial cash invested.

-12.32%

Cash On Cash

4.15%

Cap Rate

0.65

DSCR

$1,502

Rent

-$512

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,502 income − $2,014 expenses = $512 out of pocket

Income$1,502Out of Pocket$512Mortgage P&I$1,25984%Property Taxes$28219%Insurance$836%Management$15010%CapEx$755%Vacancy$906%Maintenance$755%

Investment Breakdown

|

Purchase Price

$238k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,875

Downpayment

20%

$47,500

Closing costs

1%

$2,375

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,502

Total Expenses

$2,014

Mortgage P&I

84%

$1,259

Property Taxes

19%

$282

Home Insurance

6%

$83

HOA

0%

$0

Property Management

10%

$150

CapEx

5%

$75

Vacancy

6%

$90

Maintenance

5%

$75

Other

0%

$0

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