REI Lense

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$4,218 (target)

314 Clay Ln, Red Oak, TX 75154

3 beds • 2 baths • 2132 sqft

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This property might be a fair Mid-Term investment with a projected 4.26% first-year return on $99,375 initial cash invested.

4.26%

Cash On Cash

7.7%

Cap Rate

1.27

DSCR

$4,218

Rent

$353

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,218 income − $3,865 expenses = $353 cash flow

Income$4,218Mortgage P&I$1,96347%Property Taxes$3318%Insurance$1363%Management$50612%CapEx$1694%Vacancy$1273%Maintenance$1694%Other$46411%Cash Flow$353

Investment Breakdown

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Purchase Price

$388k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,375

Downpayment

20%

$77,500

Closing costs

1%

$3,875

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,218

Total Expenses

$3,865

Mortgage P&I

47%

$1,963

Property Taxes

8%

$331

Home Insurance

3%

$136

HOA

0%

$0

Property Management

12%

$506

CapEx

4%

$169

Vacancy

3%

$127

Maintenance

4%

$169

Other

11%

$464

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