REI Lense

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$2,241 (target)

4604 Farringdon Ln, McKinney, TX 75070

3 beds • 2 baths • 1703 sqft

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This property looks like a bad Long-Term investment with a projected -16.09% first-year return on $85,197 initial cash invested.

-16.09%

Cash On Cash

2.86%

Cap Rate

0.48

DSCR

$2,241

Rent

-$1,142

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,241 income − $3,383 expenses = $1,142 out of pocket

Income$2,241Out of Pocket$1,142Mortgage P&I$1,99889%Property Taxes$61127%Insurance$1456%HOA$472%Management$22410%CapEx$1125%Vacancy$1346%Maintenance$1125%

Investment Breakdown

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Purchase Price

$406k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,197

Downpayment

20%

$81,140

Closing costs

1%

$4,057

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,241

Total Expenses

$3,383

Mortgage P&I

89%

$1,998

Property Taxes

27%

$611

Home Insurance

6%

$145

HOA

2%

$47

Property Management

10%

$224

CapEx

5%

$112

Vacancy

6%

$134

Maintenance

5%

$112

Other

0%

$0

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