REI Lense

REI Lense

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$2,122 (target)

310 Island Dr, Richardson, TX 75081

3 beds • 2 baths • 1158 sqft

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This property looks like a bad Long-Term investment with a projected -8.17% first-year return on $70,770 initial cash invested.

-8.17%

Cash On Cash

4.86%

Cap Rate

0.78

DSCR

$2,122

Rent

-$482

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,122 income − $2,604 expenses = $482 out of pocket

Income$2,122Out of Pocket$482Mortgage P&I$1,74082%Property Taxes$1959%Insurance$1186%Management$21210%CapEx$1065%Vacancy$1276%Maintenance$1065%

Investment Breakdown

|

Purchase Price

$337k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,770

Downpayment

20%

$67,400

Closing costs

1%

$3,370

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,122

Total Expenses

$2,604

Mortgage P&I

82%

$1,740

Property Taxes

9%

$195

Home Insurance

6%

$118

HOA

0%

$0

Property Management

10%

$212

CapEx

5%

$106

Vacancy

6%

$127

Maintenance

5%

$106

Other

0%

$0

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