REI Lense

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$3,006 (target)

324 Conger Dr, Mesquite, TX 75149

3 beds • 2 baths • 1610 sqft

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This property looks like a bad Mid-Term investment with a projected -1.63% first-year return on $76,506 initial cash invested.

-1.63%

Cash On Cash

6.12%

Cap Rate

1.01

DSCR

$3,006

Rent

-$104

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,006 income − $3,110 expenses = $104 out of pocket

Income$3,006Out of Pocket$104Mortgage P&I$1,40547%Property Taxes$58519%Insurance$983%Management$36112%CapEx$1204%Vacancy$903%Maintenance$1204%Other$33111%

Investment Breakdown

|

Purchase Price

$279k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,506

Downpayment

20%

$55,720

Closing costs

1%

$2,786

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,006

Total Expenses

$3,110

Mortgage P&I

47%

$1,405

Property Taxes

19%

$585

Home Insurance

3%

$98

HOA

0%

$0

Property Management

12%

$361

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$331

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