REI Lense

REI Lense

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$1,421 (target)

315 N Burdette Ave, Sherman, TX 75090

3 beds • 2 baths • 1200 sqft

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This property looks like a bad Long-Term investment with a projected -11.61% first-year return on $52,500 initial cash invested.

-11.61%

Cash On Cash

4.09%

Cap Rate

0.66

DSCR

$1,421

Rent

-$508

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,421 income − $1,929 expenses = $508 out of pocket

Income$1,421Out of Pocket$508Mortgage P&I$1,29091%Property Taxes$18213%Insurance$886%Management$14210%CapEx$715%Vacancy$856%Maintenance$715%

Investment Breakdown

|

Purchase Price

$250k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,500

Downpayment

20%

$50,000

Closing costs

1%

$2,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,421

Total Expenses

$1,929

Mortgage P&I

91%

$1,290

Property Taxes

13%

$182

Home Insurance

6%

$88

HOA

0%

$0

Property Management

10%

$142

CapEx

5%

$71

Vacancy

6%

$85

Maintenance

5%

$71

Other

0%

$0

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