REI Lense

REI Lense

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$2,036 (target)

524 Longhorn Ln, Forney, TX 75126

3 beds • 2 baths • 1872 sqft

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This property looks like a bad Long-Term investment with a projected -14.62% first-year return on $62,790 initial cash invested.

-14.62%

Cash On Cash

3.72%

Cap Rate

0.58

DSCR

$2,036

Rent

-$765

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,036 income − $2,801 expenses = $765 out of pocket

Income$2,036Out of Pocket$765Mortgage P&I$1,59178%Property Taxes$55527%Insurance$1055%HOA$201%Management$20410%CapEx$1025%Vacancy$1226%Maintenance$1025%

Investment Breakdown

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Purchase Price

$299k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,790

Downpayment

20%

$59,800

Closing costs

1%

$2,990

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,036

Total Expenses

$2,801

Mortgage P&I

78%

$1,591

Property Taxes

27%

$555

Home Insurance

5%

$105

HOA

1%

$20

Property Management

10%

$204

CapEx

5%

$102

Vacancy

6%

$122

Maintenance

5%

$102

Other

0%

$0

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