REI Lense

REI Lense

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$1,695 (target)

391 County Road 3254, Quitman, TX 75783

3 beds • 2 baths • 2376 sqft

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This property looks like a bad Long-Term investment with a projected -4.92% first-year return on $48,090 initial cash invested.

-4.92%

Cash On Cash

5.7%

Cap Rate

0.91

DSCR

$1,695

Rent

-$197

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,695 income − $1,892 expenses = $197 out of pocket

Income$1,695Out of Pocket$197Mortgage P&I$1,19971%Property Taxes$17110%Insurance$805%Management$17010%CapEx$855%Vacancy$1026%Maintenance$855%

Investment Breakdown

|

Purchase Price

$229k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,090

Downpayment

20%

$45,800

Closing costs

1%

$2,290

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,695

Total Expenses

$1,892

Mortgage P&I

71%

$1,199

Property Taxes

10%

$171

Home Insurance

5%

$80

HOA

0%

$0

Property Management

10%

$170

CapEx

5%

$85

Vacancy

6%

$102

Maintenance

5%

$85

Other

0%

$0

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