REI Lense

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$1,926 (target)

2800 Simkins Ln, Amarillo, TX 79118

3 beds • 2 baths • 1378 sqft

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This property looks like a bad Long-Term investment with a projected -4.02% first-year return on $50,988 initial cash invested.

-4.02%

Cash On Cash

5.9%

Cap Rate

0.94

DSCR

$1,926

Rent

-$171

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,926 income − $2,097 expenses = $171 out of pocket

Income$1,926Out of Pocket$171Mortgage P&I$1,26966%Property Taxes$24113%Insurance$864%Management$19310%CapEx$965%Vacancy$1166%Maintenance$965%

Investment Breakdown

|

Purchase Price

$243k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,988

Downpayment

20%

$48,560

Closing costs

1%

$2,428

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,926

Total Expenses

$2,097

Mortgage P&I

66%

$1,269

Property Taxes

13%

$241

Home Insurance

4%

$86

HOA

0%

$0

Property Management

10%

$193

CapEx

5%

$96

Vacancy

6%

$116

Maintenance

5%

$96

Other

0%

$0

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