REI Lense

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$3,122 (target)

2929 Tangleglen Dr, Rockwall, TX 75032

3 beds • 2 baths • 2148 sqft

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This property looks like a bad Mid-Term investment with a projected -2.98% first-year return on $86,250 initial cash invested.

-2.98%

Cash On Cash

5.7%

Cap Rate

0.95

DSCR

$3,122

Rent

-$214

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,122 income − $3,336 expenses = $214 out of pocket

Income$3,122Out of Pocket$214Mortgage P&I$1,63452%Property Taxes$46915%Insurance$1144%HOA$572%Management$37512%CapEx$1254%Vacancy$943%Maintenance$1254%Other$34311%

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,250

Downpayment

20%

$65,000

Closing costs

1%

$3,250

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,122

Total Expenses

$3,336

Mortgage P&I

52%

$1,634

Property Taxes

15%

$469

Home Insurance

4%

$114

HOA

2%

$57

Property Management

12%

$375

CapEx

4%

$125

Vacancy

3%

$94

Maintenance

4%

$125

Other

11%

$343

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