REI Lense

REI Lense

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$2,255 (target)

5308 Highlands Dr, McKinney, TX 75070

3 beds • 2 baths • 1754 sqft

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This property looks like a bad Long-Term investment with a projected -11.39% first-year return on $77,532 initial cash invested.

-11.39%

Cash On Cash

4.01%

Cap Rate

0.66

DSCR

$2,255

Rent

-$736

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,255 income − $2,991 expenses = $736 out of pocket

Income$2,255Out of Pocket$736Mortgage P&I$1,85782%Property Taxes$38317%Insurance$1316%HOA$331%Management$22610%CapEx$1135%Vacancy$1356%Maintenance$1135%

Investment Breakdown

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Purchase Price

$369k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,532

Downpayment

20%

$73,840

Closing costs

1%

$3,692

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,255

Total Expenses

$2,991

Mortgage P&I

82%

$1,857

Property Taxes

17%

$383

Home Insurance

6%

$131

HOA

1%

$33

Property Management

10%

$226

CapEx

5%

$113

Vacancy

6%

$135

Maintenance

5%

$113

Other

0%

$0

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