REI Lense

REI Lense

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$2,099 (target)

2708 Morning Song Dr, Little Elm, TX 75068

3 beds • 2 baths • 1615 sqft

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This property looks like a bad Long-Term investment with a projected -15.08% first-year return on $69,298 initial cash invested.

-15.08%

Cash On Cash

3.39%

Cap Rate

0.55

DSCR

$2,099

Rent

-$871

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,099 income − $2,970 expenses = $871 out of pocket

Income$2,099Out of Pocket$871Mortgage P&I$1,69881%Property Taxes$55526%Insurance$1166%HOA$553%Management$21010%CapEx$1055%Vacancy$1266%Maintenance$1055%

Investment Breakdown

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Purchase Price

$330k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,298

Downpayment

20%

$65,998

Closing costs

1%

$3,300

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,099

Total Expenses

$2,970

Mortgage P&I

81%

$1,698

Property Taxes

26%

$555

Home Insurance

6%

$116

HOA

3%

$55

Property Management

10%

$210

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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