REI Lense

REI Lense

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$2,539 (target)

2806 Warwick Dr, Corinth, TX 76210

3 beds • 2 baths • 2031 sqft

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This property looks like a bad Long-Term investment with a projected -11.95% first-year return on $77,700 initial cash invested.

-11.95%

Cash On Cash

4.17%

Cap Rate

0.67

DSCR

$2,539

Rent

-$774

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,539 income − $3,313 expenses = $774 out of pocket

Income$2,539Out of Pocket$774Mortgage P&I$1,93276%Property Taxes$59123%Insurance$1305%Management$25410%CapEx$1275%Vacancy$1526%Maintenance$1275%

Investment Breakdown

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Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,700

Downpayment

20%

$74,000

Closing costs

1%

$3,700

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,539

Total Expenses

$3,313

Mortgage P&I

76%

$1,932

Property Taxes

23%

$591

Home Insurance

5%

$130

HOA

0%

$0

Property Management

10%

$254

CapEx

5%

$127

Vacancy

6%

$152

Maintenance

5%

$127

Other

0%

$0

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