REI Lense

REI Lense

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$1,863 (target)

2925 Old Orchard Rd, Garland, TX 75041

3 beds • 2 baths • 1399 sqft

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This property looks like a bad Long-Term investment with a projected -6.29% first-year return on $60,879 initial cash invested.

-6.29%

Cash On Cash

5.14%

Cap Rate

0.85

DSCR

$1,863

Rent

-$319

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,863 income − $2,182 expenses = $319 out of pocket

Income$1,863Out of Pocket$319Mortgage P&I$1,46779%Property Taxes$1287%Insurance$1036%Management$18610%CapEx$935%Vacancy$1126%Maintenance$935%

Investment Breakdown

|

Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,879

Downpayment

20%

$57,980

Closing costs

1%

$2,899

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,863

Total Expenses

$2,182

Mortgage P&I

79%

$1,467

Property Taxes

7%

$128

Home Insurance

6%

$103

HOA

0%

$0

Property Management

10%

$186

CapEx

5%

$93

Vacancy

6%

$112

Maintenance

5%

$93

Other

0%

$0

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