REI Lense

REI Lense

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$3,234 (target)

303 Ridgewood Dr, Richardson, TX 75080

3 beds • 3 baths • 2622 sqft

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This property looks like a bad Long-Term investment with a projected -19.98% first-year return on $168k initial cash invested.

-19.98%

Cash On Cash

2.49%

Cap Rate

0.39

DSCR

$3,234

Rent

-$2,797

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,234 income − $6,031 expenses = $2,797 out of pocket

Income$3,234Out of Pocket$2,797Mortgage P&I$4,293133%Property Taxes$61719%Insurance$2809%Management$32310%CapEx$1625%Vacancy$1946%Maintenance$1625%

Investment Breakdown

|

Purchase Price

$800k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$168k

Downpayment

20%

$160k

Closing costs

1%

$7,999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,234

Total Expenses

$6,031

Mortgage P&I

133%

$4,293

Property Taxes

19%

$617

Home Insurance

9%

$280

HOA

0%

$0

Property Management

10%

$323

CapEx

5%

$162

Vacancy

6%

$194

Maintenance

5%

$162

Other

0%

$0

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