REI Lense

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$2,466 (target)

456 Ridge Meade Dr, Lewisville, TX 75067

3 beds • 2 baths • 1918 sqft

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This property looks like a bad Long-Term investment with a projected -12.64% first-year return on $91,077 initial cash invested.

-12.64%

Cash On Cash

3.83%

Cap Rate

0.62

DSCR

$2,466

Rent

-$959

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,466 income − $3,425 expenses = $959 out of pocket

Income$2,466Out of Pocket$959Mortgage P&I$2,22190%Property Taxes$35915%Insurance$1586%HOA$462%Management$24710%CapEx$1235%Vacancy$1486%Maintenance$1235%

Investment Breakdown

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Purchase Price

$434k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,077

Downpayment

20%

$86,740

Closing costs

1%

$4,337

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,466

Total Expenses

$3,425

Mortgage P&I

90%

$2,221

Property Taxes

15%

$359

Home Insurance

6%

$158

HOA

2%

$46

Property Management

10%

$247

CapEx

5%

$123

Vacancy

6%

$148

Maintenance

5%

$123

Other

0%

$0

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