REI Lense

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$2,192 (target)

3733 Springdale Dr, Odessa, TX 79762

3 beds • 2 baths • 1847 sqft

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This property looks like a bad Long-Term investment with a projected -3.12% first-year return on $58,443 initial cash invested.

-3.12%

Cash On Cash

6.02%

Cap Rate

0.97

DSCR

$2,192

Rent

-$152

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,192 income − $2,344 expenses = $152 out of pocket

Income$2,192Out of Pocket$152Mortgage P&I$1,43766%Property Taxes$23811%Insurance$984%Management$21910%CapEx$1105%Vacancy$1326%Maintenance$1105%

Investment Breakdown

|

Purchase Price

$278k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,443

Downpayment

20%

$55,660

Closing costs

1%

$2,783

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,192

Total Expenses

$2,344

Mortgage P&I

66%

$1,437

Property Taxes

11%

$238

Home Insurance

4%

$98

HOA

0%

$0

Property Management

10%

$219

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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