REI Lense

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$2,109 (target)

2704 Balsam St, Longview, TX 75605

3 beds • 2 baths • 1809 sqft

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This property might be a fair Long-Term investment with a projected 0.86% first-year return on $51,534 initial cash invested.

0.86%

Cash On Cash

6.96%

Cap Rate

1.11

DSCR

$2,109

Rent

$37

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,109 income − $2,072 expenses = $37 cash flow

Income$2,109Mortgage P&I$1,28161%Property Taxes$1557%Insurance$884%Management$21110%CapEx$1055%Vacancy$1276%Maintenance$1055%Cash Flow$37

Investment Breakdown

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Purchase Price

$245k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,534

Downpayment

20%

$49,080

Closing costs

1%

$2,454

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,109

Total Expenses

$2,072

Mortgage P&I

61%

$1,281

Property Taxes

7%

$155

Home Insurance

4%

$88

HOA

0%

$0

Property Management

10%

$211

CapEx

5%

$105

Vacancy

6%

$127

Maintenance

5%

$105

Other

0%

$0

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