REI Lense

REI Lense

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$2,463 (target)

3609 Paso Dr, Harlingen, TX 78550

3 beds • 2 baths • 1770 sqft

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This property looks like a bad Long-Term investment with a projected -7.72% first-year return on $62,979 initial cash invested.

-7.72%

Cash On Cash

4.89%

Cap Rate

0.81

DSCR

$2,463

Rent

-$405

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,463 income − $2,868 expenses = $405 out of pocket

Income$2,463Out of Pocket$405Mortgage P&I$1,50561%Property Taxes$52021%Insurance$1054%HOA$984%Management$24610%CapEx$1235%Vacancy$1486%Maintenance$1235%

Investment Breakdown

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Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,463

Total Expenses

$2,868

Mortgage P&I

61%

$1,505

Property Taxes

21%

$520

Home Insurance

4%

$105

HOA

4%

$98

Property Management

10%

$246

CapEx

5%

$123

Vacancy

6%

$148

Maintenance

5%

$123

Other

0%

$0

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