REI Lense

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$4,288 (target)

2844 Goldfinch Dr, Mesquite, TX 75181

3 beds • 2 baths • 1866 sqft

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This property might be a fair Mid-Term investment with a projected 9.96% first-year return on $76,422 initial cash invested.

9.96%

Cash On Cash

9.62%

Cap Rate

1.57

DSCR

$4,288

Rent

$634

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,288 income − $3,654 expenses = $634 cash flow

Income$4,288Mortgage P&I$1,42533%Property Taxes$62815%Insurance$982%HOA$431%Management$51512%CapEx$1724%Vacancy$1293%Maintenance$1724%Other$47211%Cash Flow$634

Investment Breakdown

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Purchase Price

$278k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,422

Downpayment

20%

$55,640

Closing costs

1%

$2,782

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$4,288

Total Expenses

$3,654

Mortgage P&I

33%

$1,425

Property Taxes

15%

$628

Home Insurance

2%

$98

HOA

1%

$43

Property Management

12%

$515

CapEx

4%

$172

Vacancy

3%

$129

Maintenance

4%

$172

Other

11%

$472

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