REI Lense

REI Lense

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$2,430 (target)

508 Forest Cir, Irving, TX 75062

3 beds • 2 baths • 1808 sqft

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This property looks like a bad Long-Term investment with a projected -10.89% first-year return on $71,400 initial cash invested.

-10.89%

Cash On Cash

4.13%

Cap Rate

0.69

DSCR

$2,430

Rent

-$648

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,430 income − $3,078 expenses = $648 out of pocket

Income$2,430Out of Pocket$648Mortgage P&I$1,69570%Property Taxes$63126%Insurance$1195%Management$24310%CapEx$1225%Vacancy$1466%Maintenance$1225%

Investment Breakdown

|

Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,400

Downpayment

20%

$68,000

Closing costs

1%

$3,400

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,430

Total Expenses

$3,078

Mortgage P&I

70%

$1,695

Property Taxes

26%

$631

Home Insurance

5%

$119

HOA

0%

$0

Property Management

10%

$243

CapEx

5%

$122

Vacancy

6%

$146

Maintenance

5%

$122

Other

0%

$0

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