REI Lense

REI Lense

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$2,044 (target)

3070 Winecup Ln, Rockwall, TX 75032

3 beds • 2 baths • 1461 sqft

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This property looks like a bad Long-Term investment with a projected -9.51% first-year return on $63,462 initial cash invested.

-9.51%

Cash On Cash

4.38%

Cap Rate

0.73

DSCR

$2,044

Rent

-$503

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,044 income − $2,547 expenses = $503 out of pocket

Income$2,044Out of Pocket$503Mortgage P&I$1,50474%Property Taxes$40520%Insurance$1075%Management$20410%CapEx$1025%Vacancy$1236%Maintenance$1025%

Investment Breakdown

|

Purchase Price

$302k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,462

Downpayment

20%

$60,440

Closing costs

1%

$3,022

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,044

Total Expenses

$2,547

Mortgage P&I

74%

$1,504

Property Taxes

20%

$405

Home Insurance

5%

$107

HOA

0%

$0

Property Management

10%

$204

CapEx

5%

$102

Vacancy

6%

$123

Maintenance

5%

$102

Other

0%

$0

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