REI Lense

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$3,694 (target)

3609 Paso Dr, Harlingen, TX 78550

3 beds • 2 baths • 1770 sqft

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This property might be a fair Mid-Term investment with a projected 3.11% first-year return on $80,979 initial cash invested.

3.11%

Cash On Cash

7.45%

Cap Rate

1.24

DSCR

$3,694

Rent

$210

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,694 income − $3,484 expenses = $210 cash flow

Income$3,694Mortgage P&I$1,50541%Property Taxes$52014%Insurance$1053%HOA$983%Management$44312%CapEx$1484%Vacancy$1113%Maintenance$1484%Other$40611%Cash Flow$210

Investment Breakdown

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Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,694

Total Expenses

$3,484

Mortgage P&I

41%

$1,505

Property Taxes

14%

$520

Home Insurance

3%

$105

HOA

3%

$98

Property Management

12%

$443

CapEx

4%

$148

Vacancy

3%

$111

Maintenance

4%

$148

Other

11%

$406

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