REI Lense

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$2,043 (target)

503 Mockingbird St, Bonham, TX 75418

3 beds • 2 baths • 2282 sqft

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This property looks like a bad Long-Term investment with a projected -14.09% first-year return on $78,099 initial cash invested.

-14.09%

Cash On Cash

3.33%

Cap Rate

0.56

DSCR

$2,043

Rent

-$917

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,043 income − $2,960 expenses = $917 out of pocket

Income$2,043Out of Pocket$917Mortgage P&I$1,84890%Property Taxes$45122%Insurance$1306%Management$20410%CapEx$1025%Vacancy$1236%Maintenance$1025%

Investment Breakdown

|

Purchase Price

$372k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,099

Downpayment

20%

$74,380

Closing costs

1%

$3,719

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,043

Total Expenses

$2,960

Mortgage P&I

90%

$1,848

Property Taxes

22%

$451

Home Insurance

6%

$130

HOA

0%

$0

Property Management

10%

$204

CapEx

5%

$102

Vacancy

6%

$123

Maintenance

5%

$102

Other

0%

$0

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