REI Lense

REI Lense

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$2,132 (target)

315 N Burdette Ave, Sherman, TX 75090

3 beds • 2 baths • 1200 sqft

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This property looks like a bad Mid-Term investment with a projected -2.6% first-year return on $70,500 initial cash invested.

-2.6%

Cash On Cash

5.87%

Cap Rate

0.95

DSCR

$2,132

Rent

-$153

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,132 income − $2,285 expenses = $153 out of pocket

Income$2,132Out of Pocket$153Mortgage P&I$1,29061%Property Taxes$1829%Insurance$884%Management$25612%CapEx$854%Vacancy$643%Maintenance$854%Other$23511%

Investment Breakdown

|

Purchase Price

$250k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,500

Downpayment

20%

$50,000

Closing costs

1%

$2,500

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,132

Total Expenses

$2,285

Mortgage P&I

61%

$1,290

Property Taxes

9%

$182

Home Insurance

4%

$88

HOA

0%

$0

Property Management

12%

$256

CapEx

4%

$85

Vacancy

3%

$64

Maintenance

4%

$85

Other

11%

$235

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