REI Lense

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$2,284 (target)

3008 Highgate Ln, Bedford, TX 76021

3 beds • 2 baths • 1602 sqft

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This property looks like a bad Long-Term investment with a projected -10.02% first-year return on $71,610 initial cash invested.

-10.02%

Cash On Cash

4.43%

Cap Rate

0.72

DSCR

$2,284

Rent

-$598

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,284 income − $2,882 expenses = $598 out of pocket

Income$2,284Out of Pocket$598Mortgage P&I$1,74276%Property Taxes$42519%Insurance$1225%Management$22810%CapEx$1145%Vacancy$1376%Maintenance$1145%

Investment Breakdown

|

Purchase Price

$341k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,610

Downpayment

20%

$68,200

Closing costs

1%

$3,410

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,284

Total Expenses

$2,882

Mortgage P&I

76%

$1,742

Property Taxes

19%

$425

Home Insurance

5%

$122

HOA

0%

$0

Property Management

10%

$228

CapEx

5%

$114

Vacancy

6%

$137

Maintenance

5%

$114

Other

0%

$0

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