REI Lense

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$2,721 (target)

4417 Pelican Ave, McAllen, TX 78504

3 beds • 2 baths • 1302 sqft

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This property might be a fair Mid-Term investment with a projected 4.36% first-year return on $66,615 initial cash invested.

4.36%

Cash On Cash

7.97%

Cap Rate

1.3

DSCR

$2,721

Rent

$242

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,721 income − $2,479 expenses = $242 cash flow

Income$2,721Mortgage P&I$1,18644%Property Taxes$28510%Insurance$823%Management$32712%CapEx$1094%Vacancy$823%Maintenance$1094%Other$29911%Cash Flow$242

Investment Breakdown

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Purchase Price

$232k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,615

Downpayment

20%

$46,300

Closing costs

1%

$2,315

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,721

Total Expenses

$2,479

Mortgage P&I

44%

$1,186

Property Taxes

10%

$285

Home Insurance

3%

$82

HOA

0%

$0

Property Management

12%

$327

CapEx

4%

$109

Vacancy

3%

$82

Maintenance

4%

$109

Other

11%

$299

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