REI Lense

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$2,305 (target)

3815 Fm 2088, Quitman, TX 75783

3 beds • 2 baths • 2192 sqft

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This property looks like a bad Long-Term investment with a projected -20.15% first-year return on $102k initial cash invested.

-20.15%

Cash On Cash

2.66%

Cap Rate

0.4

DSCR

$2,305

Rent

-$1,710

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,305 income − $4,015 expenses = $1,710 out of pocket

Income$2,305Out of Pocket$1,710Mortgage P&I$2,669116%Property Taxes$57825%Insurance$1707%Management$23010%CapEx$1155%Vacancy$1386%Maintenance$1155%

Investment Breakdown

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Purchase Price

$485k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$97,000

Closing costs

1%

$4,850

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,305

Total Expenses

$4,015

Mortgage P&I

116%

$2,669

Property Taxes

25%

$578

Home Insurance

7%

$170

HOA

0%

$0

Property Management

10%

$230

CapEx

5%

$115

Vacancy

6%

$138

Maintenance

5%

$115

Other

0%

$0

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