REI Lense

REI Lense

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$1,644 (target)

421 Middleton St, Palestine, TX 75803

3 beds • 2 baths • 1553 sqft

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This property might be a fair Long-Term investment with a projected 8.65% first-year return on $31,500 initial cash invested.

8.65%

Cash On Cash

8.78%

Cap Rate

1.39

DSCR

$1,644

Rent

$227

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,644 income − $1,417 expenses = $227 cash flow

Income$1,644Mortgage P&I$78848%Property Taxes$1509%Insurance$523%Management$16410%CapEx$825%Vacancy$996%Maintenance$825%Cash Flow$227

Investment Breakdown

|

Purchase Price

$150k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$31,500

Downpayment

20%

$30,000

Closing costs

1%

$1,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,644

Total Expenses

$1,417

Mortgage P&I

48%

$788

Property Taxes

9%

$150

Home Insurance

3%

$52

HOA

0%

$0

Property Management

10%

$164

CapEx

5%

$82

Vacancy

6%

$99

Maintenance

5%

$82

Other

0%

$0

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