REI Lense

REI Lense

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$3,591 (target)

3700 Creek View Dr, McKinney, TX 75071

3 beds • 2 baths • 1634 sqft

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This property looks like a bad Mid-Term investment with a projected -0.33% first-year return on $103k initial cash invested.

-0.33%

Cash On Cash

6.38%

Cap Rate

1.06

DSCR

$3,591

Rent

-$28

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,591 income − $3,619 expenses = $28 out of pocket

Income$3,591Out of Pocket$28Mortgage P&I$2,02656%Property Taxes$2106%Insurance$1444%HOA$17Management$43112%CapEx$1444%Vacancy$1083%Maintenance$1444%Other$39511%

Investment Breakdown

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Purchase Price

$403k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$80,560

Closing costs

1%

$4,028

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,591

Total Expenses

$3,619

Mortgage P&I

56%

$2,026

Property Taxes

6%

$210

Home Insurance

4%

$144

HOA

0%

$17

Property Management

12%

$431

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$395

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