REI Lense

REI Lense

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$1,879 (target)

500 Madelaine Dr, Gilmer, TX 75644

3 beds • 2 baths • 1910 sqft

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This property looks like a bad Long-Term investment with a projected -2.25% first-year return on $48,615 initial cash invested.

-2.25%

Cash On Cash

6.38%

Cap Rate

1

DSCR

$1,879

Rent

-$91

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,879 income − $1,970 expenses = $91 out of pocket

Income$1,879Out of Pocket$91Mortgage P&I$1,22765%Property Taxes$1739%Insurance$814%Management$18810%CapEx$945%Vacancy$1136%Maintenance$945%

Investment Breakdown

|

Purchase Price

$232k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,615

Downpayment

20%

$46,300

Closing costs

1%

$2,315

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,879

Total Expenses

$1,970

Mortgage P&I

65%

$1,227

Property Taxes

9%

$173

Home Insurance

4%

$81

HOA

0%

$0

Property Management

10%

$188

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

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