REI Lense

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$1,457 (target)

2804 Gumwood Ave, McAllen, TX 78501

3 beds • 2 baths • 1218 sqft

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This property looks like a bad Long-Term investment with a projected -4.57% first-year return on $38,850 initial cash invested.

-4.57%

Cash On Cash

5.82%

Cap Rate

0.92

DSCR

$1,457

Rent

-$148

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,457 income − $1,605 expenses = $148 out of pocket

Income$1,457Out of Pocket$148Mortgage P&I$97267%Property Taxes$18913%Insurance$654%Management$14610%CapEx$735%Vacancy$876%Maintenance$735%

Investment Breakdown

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Purchase Price

$185k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,850

Downpayment

20%

$37,000

Closing costs

1%

$1,850

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,457

Total Expenses

$1,605

Mortgage P&I

67%

$972

Property Taxes

13%

$189

Home Insurance

4%

$65

HOA

0%

$0

Property Management

10%

$146

CapEx

5%

$73

Vacancy

6%

$87

Maintenance

5%

$73

Other

0%

$0

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