REI Lense

REI Lense

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$2,249 (target)

4506 Freeport Dr, Garland, TX 75043

3 beds • 2 baths • 1989 sqft

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This property looks like a bad Long-Term investment with a projected -13% first-year return on $68,880 initial cash invested.

-13%

Cash On Cash

3.71%

Cap Rate

0.62

DSCR

$2,249

Rent

-$746

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,249 income − $2,995 expenses = $746 out of pocket

Income$2,249Out of Pocket$746Mortgage P&I$1,64873%Property Taxes$61827%Insurance$1456%Management$22510%CapEx$1125%Vacancy$1356%Maintenance$1125%

Investment Breakdown

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Purchase Price

$328k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,880

Downpayment

20%

$65,600

Closing costs

1%

$3,280

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,249

Total Expenses

$2,995

Mortgage P&I

73%

$1,648

Property Taxes

27%

$618

Home Insurance

6%

$145

HOA

0%

$0

Property Management

10%

$225

CapEx

5%

$112

Vacancy

6%

$135

Maintenance

5%

$112

Other

0%

$0

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