REI Lense

REI Lense

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$2,154 (target)

3600 N 42nd St, McAllen, TX 78504

3 beds • 3 baths • 2040 sqft

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This property looks like a bad Long-Term investment with a projected -14.35% first-year return on $63,567 initial cash invested.

-14.35%

Cash On Cash

3.63%

Cap Rate

0.58

DSCR

$2,154

Rent

-$760

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,154 income − $2,914 expenses = $760 out of pocket

Income$2,154Out of Pocket$760Mortgage P&I$1,56873%Property Taxes$60428%Insurance$1427%HOA$402%Management$21510%CapEx$1085%Vacancy$1296%Maintenance$1085%

Investment Breakdown

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Purchase Price

$303k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,567

Downpayment

20%

$60,540

Closing costs

1%

$3,027

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,154

Total Expenses

$2,914

Mortgage P&I

73%

$1,568

Property Taxes

28%

$604

Home Insurance

7%

$142

HOA

2%

$40

Property Management

10%

$215

CapEx

5%

$108

Vacancy

6%

$129

Maintenance

5%

$108

Other

0%

$0

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