REI Lense

REI Lense

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$2,394 (target)

3700 Creek View Dr, McKinney, TX 75071

3 beds • 2 baths • 1634 sqft

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This property looks like a bad Long-Term investment with a projected -8.88% first-year return on $84,588 initial cash invested.

-8.88%

Cash On Cash

4.53%

Cap Rate

0.75

DSCR

$2,394

Rent

-$626

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,394 income − $3,020 expenses = $626 out of pocket

Income$2,394Out of Pocket$626Mortgage P&I$2,02685%Property Taxes$2109%Insurance$1446%HOA$171%Management$23910%CapEx$1205%Vacancy$1446%Maintenance$1205%

Investment Breakdown

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Purchase Price

$403k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,588

Downpayment

20%

$80,560

Closing costs

1%

$4,028

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,394

Total Expenses

$3,020

Mortgage P&I

85%

$2,026

Property Taxes

9%

$210

Home Insurance

6%

$144

HOA

1%

$17

Property Management

10%

$239

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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