REI Lense

REI Lense

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$1,983 (target)

3064 Summit Dr, Belton, TX 76513

3 beds • 2 baths • 1816 sqft

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This property looks like a bad Long-Term investment with a projected -12.24% first-year return on $66,738 initial cash invested.

-12.24%

Cash On Cash

3.87%

Cap Rate

0.64

DSCR

$1,983

Rent

-$681

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,983 income − $2,664 expenses = $681 out of pocket

Income$1,983Out of Pocket$681Mortgage P&I$1,60881%Property Taxes$42621%Insurance$1156%Management$19810%CapEx$995%Vacancy$1196%Maintenance$995%

Investment Breakdown

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Purchase Price

$318k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,738

Downpayment

20%

$63,560

Closing costs

1%

$3,178

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,983

Total Expenses

$2,664

Mortgage P&I

81%

$1,608

Property Taxes

21%

$426

Home Insurance

6%

$115

HOA

0%

$0

Property Management

10%

$198

CapEx

5%

$99

Vacancy

6%

$119

Maintenance

5%

$99

Other

0%

$0

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