REI Lense

REI Lense

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$3,612 (target)

502 Columbia Dr, Rockwall, TX 75032

3 beds • 3 baths • 2206 sqft

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This property looks like a bad Long-Term investment with a projected -17.09% first-year return on $137k initial cash invested.

-17.09%

Cash On Cash

2.83%

Cap Rate

0.47

DSCR

$3,612

Rent

-$1,944

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,612 income − $5,556 expenses = $1,944 out of pocket

Income$3,612Out of Pocket$1,944Mortgage P&I$3,29891%Property Taxes$85724%Insurance$2286%HOA$2336%Management$36110%CapEx$1815%Vacancy$2176%Maintenance$1815%

Investment Breakdown

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Purchase Price

$650k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$137k

Downpayment

20%

$130k

Closing costs

1%

$6,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,612

Total Expenses

$5,556

Mortgage P&I

91%

$3,298

Property Taxes

24%

$857

Home Insurance

6%

$228

HOA

6%

$233

Property Management

10%

$361

CapEx

5%

$181

Vacancy

6%

$217

Maintenance

5%

$181

Other

0%

$0

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