REI Lense

REI Lense

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$2,198 (target)

2905 Kingsborough Ave, McAllen, TX 78504

3 beds • 2 baths • 1158 sqft

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This property might be a fair Mid-Term investment with a projected 2.6% first-year return on $59,580 initial cash invested.

2.6%

Cash On Cash

7.33%

Cap Rate

1.22

DSCR

$2,198

Rent

$129

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$198k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,580

Downpayment

20%

$39,600

Closing costs

1%

$1,980

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,198

Total Expenses

$2,069

Mortgage P&I

45%

$993

Property Taxes

12%

$259

Home Insurance

3%

$69

HOA

0%

$0

Property Management

12%

$264

CapEx

4%

$88

Vacancy

3%

$66

Maintenance

4%

$88

Other

11%

$242

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