REI Lense

REI Lense

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$2,151 (target)

413 Water Oak, Denton, TX 76209

3 beds • 2 baths • 1651 sqft

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This property looks like a bad Long-Term investment with a projected -10.94% first-year return on $65,730 initial cash invested.

-10.94%

Cash On Cash

4.13%

Cap Rate

0.69

DSCR

$2,151

Rent

-$599

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,151 income − $2,750 expenses = $599 out of pocket

Income$2,151Out of Pocket$599Mortgage P&I$1,56873%Property Taxes$51224%Insurance$1105%Management$21510%CapEx$1085%Vacancy$1296%Maintenance$1085%

Investment Breakdown

|

Purchase Price

$313k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,730

Downpayment

20%

$62,600

Closing costs

1%

$3,130

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,151

Total Expenses

$2,750

Mortgage P&I

73%

$1,568

Property Taxes

24%

$512

Home Insurance

5%

$110

HOA

0%

$0

Property Management

10%

$215

CapEx

5%

$108

Vacancy

6%

$129

Maintenance

5%

$108

Other

0%

$0

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