REI Lense

REI Lense

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$2,024 (target)

401 S Walnut Creek Dr, Mansfield, TX 76063

3 beds • 2 baths • 1378 sqft

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This property looks like a bad Long-Term investment with a projected -9.66% first-year return on $59,850 initial cash invested.

-9.66%

Cash On Cash

4.51%

Cap Rate

0.74

DSCR

$2,024

Rent

-$482

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,024 income − $2,506 expenses = $482 out of pocket

Income$2,024Out of Pocket$482Mortgage P&I$1,45272%Property Taxes$42921%Insurance$1005%Management$20210%CapEx$1015%Vacancy$1216%Maintenance$1015%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,850

Downpayment

20%

$57,000

Closing costs

1%

$2,850

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,024

Total Expenses

$2,506

Mortgage P&I

72%

$1,452

Property Taxes

21%

$429

Home Insurance

5%

$100

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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