REI Lense

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$3,015 (target)

2805 Tulip Dr, Sherman, TX 75092

3 beds • 2 baths • 1575 sqft

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This property looks like a bad Mid-Term investment with a projected -2.16% first-year return on $79,509 initial cash invested.

-2.16%

Cash On Cash

6.06%

Cap Rate

0.99

DSCR

$3,015

Rent

-$143

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,015 income − $3,158 expenses = $143 out of pocket

Income$3,015Out of Pocket$143Mortgage P&I$1,50050%Property Taxes$52717%Insurance$1053%Management$36212%CapEx$1214%Vacancy$903%Maintenance$1214%Other$33211%

Investment Breakdown

|

Purchase Price

$293k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,509

Downpayment

20%

$58,580

Closing costs

1%

$2,929

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,015

Total Expenses

$3,158

Mortgage P&I

50%

$1,500

Property Taxes

17%

$527

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$362

CapEx

4%

$121

Vacancy

3%

$90

Maintenance

4%

$121

Other

11%

$332

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