REI Lense

REI Lense

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$2,004 (target)

422 N Holiday Dr, Grand Prairie, TX 75052

3 beds • 2 baths • 1284 sqft

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This property looks like a bad Long-Term investment with a projected -6.77% first-year return on $54,600 initial cash invested.

-6.77%

Cash On Cash

4.99%

Cap Rate

0.84

DSCR

$2,004

Rent

-$308

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,004 income − $2,312 expenses = $308 out of pocket

Income$2,004Out of Pocket$308Mortgage P&I$1,28964%Property Taxes$41221%Insurance$915%Management$20010%CapEx$1005%Vacancy$1206%Maintenance$1005%

Investment Breakdown

|

Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,600

Downpayment

20%

$52,000

Closing costs

1%

$2,600

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,004

Total Expenses

$2,312

Mortgage P&I

64%

$1,289

Property Taxes

21%

$412

Home Insurance

5%

$91

HOA

0%

$0

Property Management

10%

$200

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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