REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$3,148 (target)

2708 Morning Song Dr, Little Elm, TX 75068

3 beds • 2 baths • 1615 sqft

Email

This property looks like a bad Mid-Term investment with a projected -4.76% first-year return on $87,298 initial cash invested.

-4.76%

Cash On Cash

5.37%

Cap Rate

0.87

DSCR

$3,148

Rent

-$346

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,148 income − $3,494 expenses = $346 out of pocket

Income$3,148Out of Pocket$346Mortgage P&I$1,69854%Property Taxes$55518%Insurance$1164%HOA$552%Management$37812%CapEx$1264%Vacancy$943%Maintenance$1264%Other$34611%

Investment Breakdown

|

Purchase Price

$330k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,298

Downpayment

20%

$65,998

Closing costs

1%

$3,300

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,148

Total Expenses

$3,494

Mortgage P&I

54%

$1,698

Property Taxes

18%

$555

Home Insurance

4%

$116

HOA

2%

$55

Property Management

12%

$378

CapEx

4%

$126

Vacancy

3%

$94

Maintenance

4%

$126

Other

11%

$346

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis