REI Lense

REI Lense

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$2,505 (target)

2912 Northwestern Ave, McAllen, TX 78504

3 beds • 2 baths • 1602 sqft

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This property looks like a bad Mid-Term investment with a projected -1.69% first-year return on $70,395 initial cash invested.

-1.69%

Cash On Cash

6.25%

Cap Rate

1

DSCR

$2,505

Rent

-$99

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,505 income − $2,604 expenses = $99 out of pocket

Income$2,505Out of Pocket$99Mortgage P&I$1,29952%Property Taxes$36615%Insurance$873%Management$30112%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27611%

Investment Breakdown

|

Purchase Price

$250k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,395

Downpayment

20%

$49,900

Closing costs

1%

$2,495

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,505

Total Expenses

$2,604

Mortgage P&I

52%

$1,299

Property Taxes

15%

$366

Home Insurance

3%

$87

HOA

0%

$0

Property Management

12%

$301

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$276

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