REI Lense

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$1,580 (target)

4020 Spencer St, Greenville, TX 75401

3 beds • 2 baths • 1623 sqft

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This property looks like a bad Long-Term investment with a projected -13.52% first-year return on $61,950 initial cash invested.

-13.52%

Cash On Cash

3.43%

Cap Rate

0.58

DSCR

$1,580

Rent

-$698

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,580 income − $2,278 expenses = $698 out of pocket

Income$1,580Out of Pocket$698Mortgage P&I$1,46293%Property Taxes$30219%Insurance$1037%Management$15810%CapEx$795%Vacancy$956%Maintenance$795%

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,950

Downpayment

20%

$59,000

Closing costs

1%

$2,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,580

Total Expenses

$2,278

Mortgage P&I

93%

$1,462

Property Taxes

19%

$302

Home Insurance

7%

$103

HOA

0%

$0

Property Management

10%

$158

CapEx

5%

$79

Vacancy

6%

$95

Maintenance

5%

$79

Other

0%

$0

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