REI Lense

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$3,408 (target)

509 Chestnut Dr, Grand Prairie, TX 75052

3 beds • 2 baths • 1770 sqft

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This property looks like a bad Mid-Term investment with a projected -1.93% first-year return on $89,316 initial cash invested.

-1.93%

Cash On Cash

6%

Cap Rate

1

DSCR

$3,408

Rent

-$144

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,408 income − $3,552 expenses = $144 out of pocket

Income$3,408Out of Pocket$144Mortgage P&I$1,70550%Property Taxes$56817%Insurance$1214%Management$40912%CapEx$1364%Vacancy$1023%Maintenance$1364%Other$37511%

Investment Breakdown

|

Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,316

Downpayment

20%

$67,920

Closing costs

1%

$3,396

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,408

Total Expenses

$3,552

Mortgage P&I

50%

$1,705

Property Taxes

17%

$568

Home Insurance

4%

$121

HOA

0%

$0

Property Management

12%

$409

CapEx

4%

$136

Vacancy

3%

$102

Maintenance

4%

$136

Other

11%

$375

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