REI Lense

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$3,260 (target)

3305 Fairview Dr, Corinth, TX 76210

3 beds • 2 baths • 1442 sqft

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This property might be a fair Mid-Term investment with a projected 0.86% first-year return on $85,095 initial cash invested.

0.86%

Cash On Cash

6.84%

Cap Rate

1.12

DSCR

$3,260

Rent

$61

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,260 income − $3,199 expenses = $61 cash flow

Income$3,260Mortgage P&I$1,63050%Property Taxes$34911%Insurance$1123%Management$39112%CapEx$1304%Vacancy$983%Maintenance$1304%Other$35911%Cash Flow$61

Investment Breakdown

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Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,095

Downpayment

20%

$63,900

Closing costs

1%

$3,195

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,260

Total Expenses

$3,199

Mortgage P&I

50%

$1,630

Property Taxes

11%

$349

Home Insurance

3%

$112

HOA

0%

$0

Property Management

12%

$391

CapEx

4%

$130

Vacancy

3%

$98

Maintenance

4%

$130

Other

11%

$359

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