REI Lense

REI Lense

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$2,379 (target)

3359 Lanarc Dr, Plano, TX 75023

3 beds • 2 baths • 1682 sqft

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This property looks like a bad Long-Term investment with a projected -9.04% first-year return on $66,234 initial cash invested.

-9.04%

Cash On Cash

4.75%

Cap Rate

0.77

DSCR

$2,379

Rent

-$499

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,379 income − $2,878 expenses = $499 out of pocket

Income$2,379Out of Pocket$499Mortgage P&I$1,62968%Property Taxes$51622%Insurance$1145%Management$23810%CapEx$1195%Vacancy$1436%Maintenance$1195%

Investment Breakdown

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Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,234

Downpayment

20%

$63,080

Closing costs

1%

$3,154

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,379

Total Expenses

$2,878

Mortgage P&I

68%

$1,629

Property Taxes

22%

$516

Home Insurance

5%

$114

HOA

0%

$0

Property Management

10%

$238

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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