REI Lense

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$2,017 (target)

4035 Merriman Dr, Heartland, TX 75126

3 beds • 2 baths • 1404 sqft

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This property looks like a bad Long-Term investment with a projected -9.73% first-year return on $48,615 initial cash invested.

-9.73%

Cash On Cash

4.81%

Cap Rate

0.76

DSCR

$2,017

Rent

-$394

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,017 income − $2,411 expenses = $394 out of pocket

Income$2,017Out of Pocket$394Mortgage P&I$1,22161%Property Taxes$58429%Insurance$814%Management$20210%CapEx$1015%Vacancy$1216%Maintenance$1015%

Investment Breakdown

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Purchase Price

$232k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,615

Downpayment

20%

$46,300

Closing costs

1%

$2,315

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,017

Total Expenses

$2,411

Mortgage P&I

61%

$1,221

Property Taxes

29%

$584

Home Insurance

4%

$81

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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