REI Lense

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$1,860 (target)

2672 Elk Rd, Gilmer, TX 75644

3 beds • 2 baths • 1980 sqft

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This property looks like a bad Long-Term investment with a projected -9.54% first-year return on $54,579 initial cash invested.

-9.54%

Cash On Cash

4.61%

Cap Rate

0.75

DSCR

$1,860

Rent

-$434

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,860 income − $2,294 expenses = $434 out of pocket

Income$1,860Out of Pocket$434Mortgage P&I$1,34072%Property Taxes$37920%Insurance$915%Management$18610%CapEx$935%Vacancy$1126%Maintenance$935%

Investment Breakdown

|

Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,579

Downpayment

20%

$51,980

Closing costs

1%

$2,599

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,860

Total Expenses

$2,294

Mortgage P&I

72%

$1,340

Property Taxes

20%

$379

Home Insurance

5%

$91

HOA

0%

$0

Property Management

10%

$186

CapEx

5%

$93

Vacancy

6%

$112

Maintenance

5%

$93

Other

0%

$0

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