REI Lense

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$3,154 (target)

600 Pierce Rd, Red Oak, TX 75154

3 beds • 2 baths • 1560 sqft

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This property looks like a bad Mid-Term investment with a projected -4.25% first-year return on $102k initial cash invested.

-4.25%

Cash On Cash

5.2%

Cap Rate

0.88

DSCR

$3,154

Rent

-$361

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,154 income − $3,515 expenses = $361 out of pocket

Income$3,154Out of Pocket$361Mortgage P&I$1,96862%Property Taxes$33511%Insurance$1404%Management$37812%CapEx$1264%Vacancy$953%Maintenance$1264%Other$34711%

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$80,000

Closing costs

1%

$4,000

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,154

Total Expenses

$3,515

Mortgage P&I

62%

$1,968

Property Taxes

11%

$335

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$378

CapEx

4%

$126

Vacancy

3%

$95

Maintenance

4%

$126

Other

11%

$347

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