REI Lense

REI Lense

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$3,039 (target)

520 Cornerstone Rd, Lindale, TX 75771

3 beds • 2 baths • 1567 sqft

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This property looks like a bad Mid-Term investment with a projected -5.1% first-year return on $91,479 initial cash invested.

-5.1%

Cash On Cash

4.96%

Cap Rate

0.84

DSCR

$3,039

Rent

-$389

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,039 income − $3,428 expenses = $389 out of pocket

Income$3,039Out of Pocket$389Mortgage P&I$1,71256%Property Taxes$53518%Insurance$1224%HOA$251%Management$36512%CapEx$1224%Vacancy$913%Maintenance$1224%Other$33411%

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,479

Downpayment

20%

$69,980

Closing costs

1%

$3,499

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,039

Total Expenses

$3,428

Mortgage P&I

56%

$1,712

Property Taxes

18%

$535

Home Insurance

4%

$122

HOA

1%

$25

Property Management

12%

$365

CapEx

4%

$122

Vacancy

3%

$91

Maintenance

4%

$122

Other

11%

$334

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