REI Lense

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$3,948 (target)

517 Shirley Ct, Richardson, TX 75081

3 beds • 2 baths • 2240 sqft

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This property looks like a bad Mid-Term investment with a projected -8.4% first-year return on $113k initial cash invested.

-8.4%

Cash On Cash

4.35%

Cap Rate

0.72

DSCR

$3,948

Rent

-$792

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,948 income − $4,740 expenses = $792 out of pocket

Income$3,948Out of Pocket$792Mortgage P&I$2,27758%Property Taxes$95524%Insurance$1664%Management$47412%CapEx$1584%Vacancy$1183%Maintenance$1584%Other$43411%

Investment Breakdown

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Purchase Price

$453k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,580

Closing costs

1%

$4,529

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,948

Total Expenses

$4,740

Mortgage P&I

58%

$2,277

Property Taxes

24%

$955

Home Insurance

4%

$166

HOA

0%

$0

Property Management

12%

$474

CapEx

4%

$158

Vacancy

3%

$118

Maintenance

4%

$158

Other

11%

$434

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