REI Lense

REI Lense

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$2,422 (target)

3116 Mason Ave, Corinth, TX 76210

3 beds • 3 baths • 2144 sqft

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This property looks like a bad Long-Term investment with a projected -10.09% first-year return on $79,800 initial cash invested.

-10.09%

Cash On Cash

4.17%

Cap Rate

0.71

DSCR

$2,422

Rent

-$671

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,422 income − $3,093 expenses = $671 out of pocket

Income$2,422Out of Pocket$671Mortgage P&I$1,86977%Property Taxes$44318%Insurance$1335%HOA$191%Management$24210%CapEx$1215%Vacancy$1456%Maintenance$1215%

Investment Breakdown

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Purchase Price

$380k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,800

Downpayment

20%

$76,000

Closing costs

1%

$3,800

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,422

Total Expenses

$3,093

Mortgage P&I

77%

$1,869

Property Taxes

18%

$443

Home Insurance

5%

$133

HOA

1%

$19

Property Management

10%

$242

CapEx

5%

$121

Vacancy

6%

$145

Maintenance

5%

$121

Other

0%

$0

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