REI Lense

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$2,373 (target)

324 Pearson Ln, Azle, TX 76020

3 beds • 2 baths • 1100 sqft

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This property might be a fair Mid-Term investment with a projected 3.81% first-year return on $64,221 initial cash invested.

3.81%

Cash On Cash

8.19%

Cap Rate

1.25

DSCR

$2,373

Rent

$204

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,373 income − $2,169 expenses = $204 cash flow

Income$2,373Mortgage P&I$1,20451%Property Taxes$603%Insurance$984%Management$28512%CapEx$954%Vacancy$713%Maintenance$954%Other$26111%Cash Flow$204

Investment Breakdown

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Purchase Price

$220k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,221

Downpayment

20%

$44,020

Closing costs

1%

$2,201

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,373

Total Expenses

$2,169

Mortgage P&I

51%

$1,204

Property Taxes

3%

$60

Home Insurance

4%

$98

HOA

0%

$0

Property Management

12%

$285

CapEx

4%

$95

Vacancy

3%

$71

Maintenance

4%

$95

Other

11%

$261

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