REI Lense

REI Lense

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$1,765 (target)

505 E Pirate St, Longview, TX 75604

3 beds • 2 baths • 1622 sqft

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This property looks like a bad Long-Term investment with a projected -2.46% first-year return on $45,801 initial cash invested.

-2.46%

Cash On Cash

6.44%

Cap Rate

0.99

DSCR

$1,765

Rent

-$94

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,765 income − $1,859 expenses = $94 out of pocket

Income$1,765Out of Pocket$94Mortgage P&I$1,17667%Property Taxes$1488%Insurance$774%Management$17610%CapEx$885%Vacancy$1066%Maintenance$885%

Investment Breakdown

|

Purchase Price

$218k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,801

Downpayment

20%

$43,620

Closing costs

1%

$2,181

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,765

Total Expenses

$1,859

Mortgage P&I

67%

$1,176

Property Taxes

8%

$148

Home Insurance

4%

$77

HOA

0%

$0

Property Management

10%

$176

CapEx

5%

$88

Vacancy

6%

$106

Maintenance

5%

$88

Other

0%

$0

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