REI Lense

REI Lense

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$2,612 (target)

3117 Parkside Dr, Plano, TX 75075

3 beds • 2 baths • 2238 sqft

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This property looks like a bad Long-Term investment with a projected -13.26% first-year return on $94,500 initial cash invested.

-13.26%

Cash On Cash

3.53%

Cap Rate

0.59

DSCR

$2,612

Rent

-$1,044

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,612 income − $3,656 expenses = $1,044 out of pocket

Income$2,612Out of Pocket$1,044Mortgage P&I$2,23686%Property Taxes$58222%Insurance$1586%Management$26110%CapEx$1315%Vacancy$1576%Maintenance$1315%

Investment Breakdown

|

Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,500

Downpayment

20%

$90,000

Closing costs

1%

$4,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,612

Total Expenses

$3,656

Mortgage P&I

86%

$2,236

Property Taxes

22%

$582

Home Insurance

6%

$158

HOA

0%

$0

Property Management

10%

$261

CapEx

5%

$131

Vacancy

6%

$157

Maintenance

5%

$131

Other

0%

$0

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