REI Lense

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$1,970 (target)

421 Santa Martina Dr, Socorro, TX 79927

3 beds • 2 baths • 1200 sqft

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This property looks like a bad Mid-Term investment with a projected -6.51% first-year return on $72,590 initial cash invested.

-6.51%

Cash On Cash

4.6%

Cap Rate

0.76

DSCR

$1,970

Rent

-$394

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,970 income − $2,364 expenses = $394 out of pocket

Income$1,970Out of Pocket$394Mortgage P&I$1,31167%Property Taxes$29215%Insurance$915%Management$23612%CapEx$794%Vacancy$593%Maintenance$794%Other$21711%

Investment Breakdown

|

Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,590

Downpayment

20%

$51,990

Closing costs

1%

$2,600

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,970

Total Expenses

$2,364

Mortgage P&I

67%

$1,311

Property Taxes

15%

$292

Home Insurance

5%

$91

HOA

0%

$0

Property Management

12%

$236

CapEx

4%

$79

Vacancy

3%

$59

Maintenance

4%

$79

Other

11%

$217

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