REI Lense

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$1,700 (target)

307 McGrede St, Longview, TX 75605

3 beds • 2 baths • 1264 sqft

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This property looks like a bad Long-Term investment with a projected -9.26% first-year return on $48,720 initial cash invested.

-9.26%

Cash On Cash

4.87%

Cap Rate

0.76

DSCR

$1,700

Rent

-$376

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,700 income − $2,076 expenses = $376 out of pocket

Income$1,700Out of Pocket$376Mortgage P&I$1,23373%Property Taxes$32019%Insurance$815%Management$17010%CapEx$855%Vacancy$1026%Maintenance$855%

Investment Breakdown

|

Purchase Price

$232k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,720

Downpayment

20%

$46,400

Closing costs

1%

$2,320

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,700

Total Expenses

$2,076

Mortgage P&I

73%

$1,233

Property Taxes

19%

$320

Home Insurance

5%

$81

HOA

0%

$0

Property Management

10%

$170

CapEx

5%

$85

Vacancy

6%

$102

Maintenance

5%

$85

Other

0%

$0

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