REI Lense

REI Lense

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$2,405 (target)

500 Kerria Ave, McAllen, TX 78501

3 beds • 2 baths • 2322 sqft

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This property looks like a bad Long-Term investment with a projected -5.46% first-year return on $57,120 initial cash invested.

-5.46%

Cash On Cash

5.96%

Cap Rate

0.91

DSCR

$2,405

Rent

-$260

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,405 income − $2,665 expenses = $260 out of pocket

Income$2,405Out of Pocket$260Mortgage P&I$1,49162%Property Taxes$45419%Insurance$964%Management$24010%CapEx$1205%Vacancy$1446%Maintenance$1205%

Investment Breakdown

|

Purchase Price

$272k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,120

Downpayment

20%

$54,400

Closing costs

1%

$2,720

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,405

Total Expenses

$2,665

Mortgage P&I

62%

$1,491

Property Taxes

19%

$454

Home Insurance

4%

$96

HOA

0%

$0

Property Management

10%

$240

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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