REI Lense

REI Lense

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$1,412 (target)

2724 Vanessa Ave, McAllen, TX 78503

3 beds • 2 baths • 1158 sqft

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This property looks like a bad Long-Term investment with a projected -8.15% first-year return on $37,695 initial cash invested.

-8.15%

Cash On Cash

5.04%

Cap Rate

0.8

DSCR

$1,412

Rent

-$256

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,412 income − $1,668 expenses = $256 out of pocket

Income$1,412Out of Pocket$256Mortgage P&I$93967%Property Taxes$29721%Insurance$645%Management$14110%CapEx$715%Vacancy$856%Maintenance$715%

Investment Breakdown

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Purchase Price

$180k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$37,695

Downpayment

20%

$35,900

Closing costs

1%

$1,795

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,412

Total Expenses

$1,668

Mortgage P&I

67%

$939

Property Taxes

21%

$297

Home Insurance

5%

$64

HOA

0%

$0

Property Management

10%

$141

CapEx

5%

$71

Vacancy

6%

$85

Maintenance

5%

$71

Other

0%

$0

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