REI Lense

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$3,940 (target)

517 Las Cruces Dr, Irving, TX 75063

3 beds • 3 baths • 1635 sqft

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This property looks like a bad Mid-Term investment with a projected -2.5% first-year return on $102k initial cash invested.

-2.5%

Cash On Cash

5.87%

Cap Rate

0.97

DSCR

$3,940

Rent

-$213

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,940 income − $4,153 expenses = $213 out of pocket

Income$3,940Out of Pocket$213Mortgage P&I$2,02251%Property Taxes$58215%Insurance$1454%HOA$642%Management$47312%CapEx$1584%Vacancy$1183%Maintenance$1584%Other$43311%

Investment Breakdown

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Purchase Price

$402k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$80,400

Closing costs

1%

$4,020

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,940

Total Expenses

$4,153

Mortgage P&I

51%

$2,022

Property Taxes

15%

$582

Home Insurance

4%

$145

HOA

2%

$64

Property Management

12%

$473

CapEx

4%

$158

Vacancy

3%

$118

Maintenance

4%

$158

Other

11%

$433

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