REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$1,938 (target)

4019 Melody Ln, Odessa, TX 79762

3 beds • 2 baths • 1160 sqft

Email

This property might be a fair Long-Term investment with a projected 4.95% first-year return on $44,100 initial cash invested.

4.95%

Cash On Cash

7.85%

Cap Rate

1.25

DSCR

$1,938

Rent

$182

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,938 income − $1,756 expenses = $182 cash flow

Income$1,938Mortgage P&I$1,09557%Property Taxes$834%Insurance$744%Management$19410%CapEx$975%Vacancy$1166%Maintenance$975%Cash Flow$182

Investment Breakdown

|

Purchase Price

$210k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,100

Downpayment

20%

$42,000

Closing costs

1%

$2,100

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,938

Total Expenses

$1,756

Mortgage P&I

56%

$1,095

Property Taxes

4%

$83

Home Insurance

4%

$74

HOA

0%

$0

Property Management

10%

$194

CapEx

5%

$97

Vacancy

6%

$116

Maintenance

5%

$97

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis