REI Lense

REI Lense

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$2,318 (target)

2942 Medlin Rd, Gilmer, TX 75645

3 beds • 3 baths • 2364 sqft

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This property might be a fair Long-Term investment with a projected 2.76% first-year return on $49,056 initial cash invested.

2.76%

Cash On Cash

7.54%

Cap Rate

1.18

DSCR

$2,318

Rent

$113

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,318 income − $2,205 expenses = $113 cash flow

Income$2,318Mortgage P&I$1,23853%Property Taxes$28012%Insurance$844%Management$23210%CapEx$1165%Vacancy$1396%Maintenance$1165%Cash Flow$113

Investment Breakdown

|

Purchase Price

$234k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,056

Downpayment

20%

$46,720

Closing costs

1%

$2,336

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,318

Total Expenses

$2,205

Mortgage P&I

53%

$1,238

Property Taxes

12%

$280

Home Insurance

4%

$84

HOA

0%

$0

Property Management

10%

$232

CapEx

5%

$116

Vacancy

6%

$139

Maintenance

5%

$116

Other

0%

$0

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