REI Lense

REI Lense

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$1,313 (target)

421 Santa Martina Dr, Socorro, TX 79927

3 beds • 2 baths • 1200 sqft

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This property looks like a bad Long-Term investment with a projected -15.89% first-year return on $54,590 initial cash invested.

-15.89%

Cash On Cash

3.02%

Cap Rate

0.5

DSCR

$1,313

Rent

-$723

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,313 income − $2,036 expenses = $723 out of pocket

Income$1,313Out of Pocket$723Mortgage P&I$1,311100%Property Taxes$29222%Insurance$917%Management$13110%CapEx$665%Vacancy$796%Maintenance$665%

Investment Breakdown

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Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,590

Downpayment

20%

$51,990

Closing costs

1%

$2,600

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,313

Total Expenses

$2,036

Mortgage P&I

100%

$1,311

Property Taxes

22%

$292

Home Insurance

7%

$91

HOA

0%

$0

Property Management

10%

$131

CapEx

5%

$66

Vacancy

6%

$79

Maintenance

5%

$66

Other

0%

$0

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