REI Lense

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$2,173 (target)

3305 Fairview Dr, Corinth, TX 76210

3 beds • 2 baths • 1442 sqft

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This property looks like a bad Long-Term investment with a projected -8.64% first-year return on $67,095 initial cash invested.

-8.64%

Cash On Cash

4.72%

Cap Rate

0.77

DSCR

$2,173

Rent

-$483

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,173 income − $2,656 expenses = $483 out of pocket

Income$2,173Out of Pocket$483Mortgage P&I$1,63075%Property Taxes$34916%Insurance$1125%Management$21710%CapEx$1095%Vacancy$1306%Maintenance$1095%

Investment Breakdown

|

Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,095

Downpayment

20%

$63,900

Closing costs

1%

$3,195

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,173

Total Expenses

$2,656

Mortgage P&I

75%

$1,630

Property Taxes

16%

$349

Home Insurance

5%

$112

HOA

0%

$0

Property Management

10%

$217

CapEx

5%

$109

Vacancy

6%

$130

Maintenance

5%

$109

Other

0%

$0

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