REI Lense

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$3,282 (target)

3112 Harris St, Gainesville, TX 76240

3 beds • 4 baths • 3922 sqft

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This property looks like a bad Long-Term investment with a projected -24.54% first-year return on $199k initial cash invested.

-24.54%

Cash On Cash

1.13%

Cap Rate

0.19

DSCR

$3,282

Rent

-$4,062

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,282 income − $7,344 expenses = $4,062 out of pocket

Income$3,282Out of Pocket$4,062Mortgage P&I$4,786146%Property Taxes$1,35741%Insurance$34811%Management$32810%CapEx$1645%Vacancy$1976%Maintenance$1645%

Investment Breakdown

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Purchase Price

$946k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$199k

Downpayment

20%

$189k

Closing costs

1%

$9,458

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,282

Total Expenses

$7,344

Mortgage P&I

146%

$4,786

Property Taxes

41%

$1,357

Home Insurance

11%

$348

HOA

0%

$0

Property Management

10%

$328

CapEx

5%

$164

Vacancy

6%

$197

Maintenance

5%

$164

Other

0%

$0

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