REI Lense

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$2,550 (target)

307 McGrede St, Longview, TX 75605

3 beds • 2 baths • 1264 sqft

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This property might be a fair Mid-Term investment with a projected 0.9% first-year return on $66,720 initial cash invested.

0.9%

Cash On Cash

7.16%

Cap Rate

1.12

DSCR

$2,550

Rent

$50

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,550 income − $2,500 expenses = $50 cash flow

Income$2,550Mortgage P&I$1,23348%Property Taxes$32013%Insurance$813%Management$30612%CapEx$1024%Vacancy$763%Maintenance$1024%Other$28011%Cash Flow$50

Investment Breakdown

|

Purchase Price

$232k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,720

Downpayment

20%

$46,400

Closing costs

1%

$2,320

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,550

Total Expenses

$2,500

Mortgage P&I

48%

$1,233

Property Taxes

13%

$320

Home Insurance

3%

$81

HOA

0%

$0

Property Management

12%

$306

CapEx

4%

$102

Vacancy

3%

$76

Maintenance

4%

$102

Other

11%

$280

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