REI Lense

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$3,002 (target)

2801 College Park Dr, Rowlett, TX 75088

3 beds • 2 baths • 1488 sqft

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This property might be a fair Mid-Term investment with a projected 2.57% first-year return on $66,279 initial cash invested.

2.57%

Cash On Cash

7.84%

Cap Rate

1.21

DSCR

$3,002

Rent

$142

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,002 income − $2,860 expenses = $142 cash flow

Income$3,002Mortgage P&I$1,24041%Property Taxes$52017%Insurance$803%Management$36012%CapEx$1204%Vacancy$903%Maintenance$1204%Other$33011%Cash Flow$142

Investment Breakdown

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Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,279

Downpayment

20%

$45,980

Closing costs

1%

$2,299

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,002

Total Expenses

$2,860

Mortgage P&I

41%

$1,240

Property Taxes

17%

$520

Home Insurance

3%

$80

HOA

0%

$0

Property Management

12%

$360

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$330

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