REI Lense

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$2,906 (target)

2809 Lafayette St, Corsicana, TX 75110

3 beds • 2 baths • 1986 sqft

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This property looks like a bad Mid-Term investment with a projected -0.72% first-year return on $76,800 initial cash invested.

-0.72%

Cash On Cash

6.4%

Cap Rate

1.05

DSCR

$2,906

Rent

-$46

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,906 income − $2,952 expenses = $46 out of pocket

Income$2,906Out of Pocket$46Mortgage P&I$1,42349%Property Taxes$44315%Insurance$983%Management$34912%CapEx$1164%Vacancy$873%Maintenance$1164%Other$32011%

Investment Breakdown

|

Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,800

Downpayment

20%

$56,000

Closing costs

1%

$2,800

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,906

Total Expenses

$2,952

Mortgage P&I

49%

$1,423

Property Taxes

15%

$443

Home Insurance

3%

$98

HOA

0%

$0

Property Management

12%

$349

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$320

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