REI Lense

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$2,612 (target)

3204 Caribbean Dr, Mesquite, TX 75150

3 beds • 2 baths • 1108 sqft

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This property might be a fair Mid-Term investment with a projected 6.47% first-year return on $54,750 initial cash invested.

6.47%

Cash On Cash

9.21%

Cap Rate

1.42

DSCR

$2,612

Rent

$295

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,612 income − $2,317 expenses = $295 cash flow

Income$2,612Mortgage P&I$94436%Property Taxes$42616%Insurance$612%Management$31312%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28711%Cash Flow$295

Investment Breakdown

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Purchase Price

$175k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,750

Downpayment

20%

$35,000

Closing costs

1%

$1,750

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,612

Total Expenses

$2,317

Mortgage P&I

36%

$944

Property Taxes

16%

$426

Home Insurance

2%

$61

HOA

0%

$0

Property Management

12%

$313

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$287

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