REI Lense

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$2,253 (target)

2624 San Fernando Dr, Odessa, TX 79763

3 beds • 2 baths • 1204 sqft

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This property looks like a bad Mid-Term investment with a projected -2.42% first-year return on $67,875 initial cash invested.

-2.42%

Cash On Cash

6.12%

Cap Rate

0.96

DSCR

$2,253

Rent

-$137

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,253 income − $2,390 expenses = $137 out of pocket

Income$2,253Out of Pocket$137Mortgage P&I$1,25956%Property Taxes$28213%Insurance$834%Management$27012%CapEx$904%Vacancy$683%Maintenance$904%Other$24811%

Investment Breakdown

|

Purchase Price

$238k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,875

Downpayment

20%

$47,500

Closing costs

1%

$2,375

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,253

Total Expenses

$2,390

Mortgage P&I

56%

$1,259

Property Taxes

13%

$282

Home Insurance

4%

$83

HOA

0%

$0

Property Management

12%

$270

CapEx

4%

$90

Vacancy

3%

$68

Maintenance

4%

$90

Other

11%

$248

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