REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$2,028 (target)

2817 NE 11th St, Mineral Wells, TX 76067

3 beds • 2 baths • 2056 sqft

Email

This property looks like a bad Long-Term investment with a projected -11.46% first-year return on $61,908 initial cash invested.

-11.46%

Cash On Cash

4.2%

Cap Rate

0.68

DSCR

$2,028

Rent

-$591

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,028 income − $2,619 expenses = $591 out of pocket

Income$2,028Out of Pocket$591Mortgage P&I$1,52275%Property Taxes$46523%Insurance$1055%Management$20310%CapEx$1015%Vacancy$1226%Maintenance$1015%

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,908

Downpayment

20%

$58,960

Closing costs

1%

$2,948

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,028

Total Expenses

$2,619

Mortgage P&I

75%

$1,522

Property Taxes

23%

$465

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$203

CapEx

5%

$101

Vacancy

6%

$122

Maintenance

5%

$101

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis