REI Lense

REI Lense

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$2,380 (target)

508 Salem Dr, Richardson, TX 75080

3 beds • 2 baths • 1434 sqft

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This property looks like a bad Long-Term investment with a projected -18.13% first-year return on $83,706 initial cash invested.

-18.13%

Cash On Cash

2.74%

Cap Rate

0.44

DSCR

$2,380

Rent

-$1,265

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,380 income − $3,645 expenses = $1,265 out of pocket

Income$2,380Out of Pocket$1,265Mortgage P&I$2,05686%Property Taxes$82535%Insurance$1456%Management$23810%CapEx$1195%Vacancy$1436%Maintenance$1195%

Investment Breakdown

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Purchase Price

$399k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,706

Downpayment

20%

$79,720

Closing costs

1%

$3,986

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,380

Total Expenses

$3,645

Mortgage P&I

86%

$2,056

Property Taxes

35%

$825

Home Insurance

6%

$145

HOA

0%

$0

Property Management

10%

$238

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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