REI Lense

REI Lense

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$2,138 (target)

2806 Laurel Oaks Dr, Garland, TX 75044

3 beds • 2 baths • 1528 sqft

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This property looks like a bad Long-Term investment with a projected -14.5% first-year return on $79,548 initial cash invested.

-14.5%

Cash On Cash

3.37%

Cap Rate

0.55

DSCR

$2,138

Rent

-$961

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,138 income − $3,099 expenses = $961 out of pocket

Income$2,138Out of Pocket$961Mortgage P&I$1,91790%Property Taxes$48223%Insurance$1397%HOA$5Management$21410%CapEx$1075%Vacancy$1286%Maintenance$1075%

Investment Breakdown

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Purchase Price

$379k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,548

Downpayment

20%

$75,760

Closing costs

1%

$3,788

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,138

Total Expenses

$3,099

Mortgage P&I

90%

$1,917

Property Taxes

23%

$482

Home Insurance

7%

$139

HOA

0%

$5

Property Management

10%

$214

CapEx

5%

$107

Vacancy

6%

$128

Maintenance

5%

$107

Other

0%

$0

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