REI Lense

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$2,048 (target)

3903 Meredith Dr, Farmersville, TX 75442

3 beds • 2 baths • 1847 sqft

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This property looks like a bad Long-Term investment with a projected -17.19% first-year return on $61,929 initial cash invested.

-17.19%

Cash On Cash

3.19%

Cap Rate

0.5

DSCR

$2,048

Rent

-$887

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,048 income − $2,935 expenses = $887 out of pocket

Income$2,048Out of Pocket$887Mortgage P&I$1,57077%Property Taxes$67033%Insurance$1055%HOA$583%Management$20510%CapEx$1025%Vacancy$1236%Maintenance$1025%

Investment Breakdown

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Purchase Price

$295k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,929

Downpayment

20%

$58,980

Closing costs

1%

$2,949

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,048

Total Expenses

$2,935

Mortgage P&I

77%

$1,570

Property Taxes

33%

$670

Home Insurance

5%

$105

HOA

3%

$58

Property Management

10%

$205

CapEx

5%

$102

Vacancy

6%

$123

Maintenance

5%

$102

Other

0%

$0

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