REI Lense

REI Lense

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$1,814 (target)

4417 Pelican Ave, McAllen, TX 78504

3 beds • 2 baths • 1302 sqft

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This property looks like a bad Long-Term investment with a projected -5.21% first-year return on $48,615 initial cash invested.

-5.21%

Cash On Cash

5.53%

Cap Rate

0.9

DSCR

$1,814

Rent

-$211

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,814 income − $2,025 expenses = $211 out of pocket

Income$1,814Out of Pocket$211Mortgage P&I$1,18665%Property Taxes$28516%Insurance$825%Management$18110%CapEx$915%Vacancy$1096%Maintenance$915%

Investment Breakdown

|

Purchase Price

$232k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,615

Downpayment

20%

$46,300

Closing costs

1%

$2,315

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,814

Total Expenses

$2,025

Mortgage P&I

65%

$1,186

Property Taxes

16%

$285

Home Insurance

5%

$82

HOA

0%

$0

Property Management

10%

$181

CapEx

5%

$91

Vacancy

6%

$109

Maintenance

5%

$91

Other

0%

$0

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