REI Lense

REI Lense

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$2,248 (target)

3722 Devonshire Ct, Irving, TX 75062

3 beds • 2 baths • 1442 sqft

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This property looks like a bad Long-Term investment with a projected -9.53% first-year return on $65,100 initial cash invested.

-9.53%

Cash On Cash

4.46%

Cap Rate

0.74

DSCR

$2,248

Rent

-$517

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,248 income − $2,765 expenses = $517 out of pocket

Income$2,248Out of Pocket$517Mortgage P&I$1,55769%Property Taxes$51623%Insurance$1085%Management$22510%CapEx$1125%Vacancy$1356%Maintenance$1125%

Investment Breakdown

|

Purchase Price

$310k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,100

Downpayment

20%

$62,000

Closing costs

1%

$3,100

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,248

Total Expenses

$2,765

Mortgage P&I

69%

$1,557

Property Taxes

23%

$516

Home Insurance

5%

$108

HOA

0%

$0

Property Management

10%

$225

CapEx

5%

$112

Vacancy

6%

$135

Maintenance

5%

$112

Other

0%

$0

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