REI Lense

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$2,234 (target)

4878 Canary Rd, Gilmer, TX 75645

3 beds • 2 baths • 2003 sqft

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This property looks like a bad Long-Term investment with a projected -9.35% first-year return on $72,240 initial cash invested.

-9.35%

Cash On Cash

4.67%

Cap Rate

0.75

DSCR

$2,234

Rent

-$563

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,234 income − $2,797 expenses = $563 out of pocket

Income$2,234Out of Pocket$563Mortgage P&I$1,79180%Property Taxes$30314%Insurance$1225%Management$22310%CapEx$1125%Vacancy$1346%Maintenance$1125%

Investment Breakdown

|

Purchase Price

$344k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,240

Downpayment

20%

$68,800

Closing costs

1%

$3,440

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,234

Total Expenses

$2,797

Mortgage P&I

80%

$1,791

Property Taxes

14%

$303

Home Insurance

5%

$122

HOA

0%

$0

Property Management

10%

$223

CapEx

5%

$112

Vacancy

6%

$134

Maintenance

5%

$112

Other

0%

$0

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