REI Lense

REI Lense

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$2,428 (target)

2851 Cobblestone Dr, Rockwall, TX 75087

3 beds • 2 baths • 1850 sqft

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This property looks like a bad Long-Term investment with a projected -15.78% first-year return on $82,950 initial cash invested.

-15.78%

Cash On Cash

3.65%

Cap Rate

0.55

DSCR

$2,428

Rent

-$1,091

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,428 income − $3,519 expenses = $1,091 out of pocket

Income$2,428Out of Pocket$1,091Mortgage P&I$2,17389%Property Taxes$52422%Insurance$1386%HOA$532%Management$24310%CapEx$1215%Vacancy$1466%Maintenance$1215%

Investment Breakdown

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Purchase Price

$395k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,950

Downpayment

20%

$79,000

Closing costs

1%

$3,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,428

Total Expenses

$3,519

Mortgage P&I

90%

$2,173

Property Taxes

22%

$524

Home Insurance

6%

$138

HOA

2%

$53

Property Management

10%

$243

CapEx

5%

$121

Vacancy

6%

$146

Maintenance

5%

$121

Other

0%

$0

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