REI Lense

REI Lense

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$1,853 (target)

301 Southlake Dr, Forney, TX 75126

3 beds • 2 baths • 1507 sqft

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This property looks like a bad Long-Term investment with a projected -11.11% first-year return on $57,330 initial cash invested.

-11.11%

Cash On Cash

4.03%

Cap Rate

0.68

DSCR

$1,853

Rent

-$531

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,853 income − $2,384 expenses = $531 out of pocket

Income$1,853Out of Pocket$531Mortgage P&I$1,35473%Property Taxes$45224%Insurance$965%Management$18510%CapEx$935%Vacancy$1116%Maintenance$935%

Investment Breakdown

|

Purchase Price

$273k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,330

Downpayment

20%

$54,600

Closing costs

1%

$2,730

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,853

Total Expenses

$2,384

Mortgage P&I

73%

$1,354

Property Taxes

24%

$452

Home Insurance

5%

$96

HOA

0%

$0

Property Management

10%

$185

CapEx

5%

$93

Vacancy

6%

$111

Maintenance

5%

$93

Other

0%

$0

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