REI Lense

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$4,762 (target)

3559 Springfield Rd, Springtown, TX 76082

3 beds • 2 baths • 2304 sqft

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This property looks like a bad Mid-Term investment with a projected -10.84% first-year return on $199k initial cash invested.

-10.84%

Cash On Cash

4.03%

Cap Rate

0.64

DSCR

$4,762

Rent

-$1,794

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,762 income − $6,556 expenses = $1,794 out of pocket

Income$4,762Out of Pocket$1,794Mortgage P&I$4,49094%Property Taxes$1473%Insurance$3016%Management$57112%CapEx$1904%Vacancy$1433%Maintenance$1904%Other$52411%

Investment Breakdown

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Purchase Price

$860k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$199k

Downpayment

20%

$172k

Closing costs

1%

$8,599

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,762

Total Expenses

$6,556

Mortgage P&I

94%

$4,490

Property Taxes

3%

$147

Home Insurance

6%

$301

HOA

0%

$0

Property Management

12%

$571

CapEx

4%

$190

Vacancy

3%

$143

Maintenance

4%

$190

Other

11%

$524

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