REI Lense

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$3,054 (target)

524 Longhorn Ln, Forney, TX 75126

3 beds • 2 baths • 1872 sqft

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This property looks like a bad Mid-Term investment with a projected -3.79% first-year return on $80,790 initial cash invested.

-3.79%

Cash On Cash

5.85%

Cap Rate

0.92

DSCR

$3,054

Rent

-$255

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,054 income − $3,309 expenses = $255 out of pocket

Income$3,054Out of Pocket$255Mortgage P&I$1,59152%Property Taxes$55518%Insurance$1053%HOA$201%Management$36612%CapEx$1224%Vacancy$923%Maintenance$1224%Other$33611%

Investment Breakdown

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Purchase Price

$299k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,790

Downpayment

20%

$59,800

Closing costs

1%

$2,990

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,054

Total Expenses

$3,309

Mortgage P&I

52%

$1,591

Property Taxes

18%

$555

Home Insurance

3%

$105

HOA

1%

$20

Property Management

12%

$366

CapEx

4%

$122

Vacancy

3%

$92

Maintenance

4%

$122

Other

11%

$336

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