REI Lense

REI Lense

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$1,409 (target)

395 Floyd Dr, Odessa, TX 79766

3 beds • 2 baths • 1600 sqft

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This property looks like a bad Long-Term investment with a projected -7.49% first-year return on $41,160 initial cash invested.

-7.49%

Cash On Cash

5.12%

Cap Rate

0.82

DSCR

$1,409

Rent

-$257

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,409 income − $1,666 expenses = $257 out of pocket

Income$1,409Out of Pocket$257Mortgage P&I$1,02373%Property Taxes$20815%Insurance$695%Management$14110%CapEx$705%Vacancy$856%Maintenance$705%

Investment Breakdown

|

Purchase Price

$196k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,160

Downpayment

20%

$39,200

Closing costs

1%

$1,960

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,409

Total Expenses

$1,666

Mortgage P&I

73%

$1,023

Property Taxes

15%

$208

Home Insurance

5%

$69

HOA

0%

$0

Property Management

10%

$141

CapEx

5%

$70

Vacancy

6%

$85

Maintenance

5%

$70

Other

0%

$0

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