REI Lense

REI Lense

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$2,424 (target)

505 Pinewood Ln, Hewitt, TX 76643

3 beds • 2 baths • 1740 sqft

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This property looks like a bad Mid-Term investment with a projected -5.28% first-year return on $76,779 initial cash invested.

-5.28%

Cash On Cash

5.15%

Cap Rate

0.83

DSCR

$2,424

Rent

-$338

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,424 income − $2,762 expenses = $338 out of pocket

Income$2,424Out of Pocket$338Mortgage P&I$1,44360%Property Taxes$41217%Insurance$823%Management$29112%CapEx$974%Vacancy$733%Maintenance$974%Other$26711%

Investment Breakdown

|

Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,779

Downpayment

20%

$55,980

Closing costs

1%

$2,799

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,424

Total Expenses

$2,762

Mortgage P&I

60%

$1,443

Property Taxes

17%

$412

Home Insurance

3%

$82

HOA

0%

$0

Property Management

12%

$291

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$267

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