REI Lense

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$2,721 (target)

6002 Buchanan Loop Rd, Texarkana, TX 75501

3 beds • 2 baths • 2358 sqft

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This property looks like a bad Mid-Term investment with a projected -9.93% first-year return on $96,750 initial cash invested.

-9.93%

Cash On Cash

4.42%

Cap Rate

0.67

DSCR

$2,721

Rent

-$801

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,721 income − $3,522 expenses = $801 out of pocket

Income$2,721Out of Pocket$801Mortgage P&I$2,07476%Property Taxes$39114%Insurance$1315%Management$32712%CapEx$1094%Vacancy$823%Maintenance$1094%Other$29911%

Investment Breakdown

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Purchase Price

$375k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,750

Downpayment

20%

$75,000

Closing costs

1%

$3,750

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,721

Total Expenses

$3,522

Mortgage P&I

76%

$2,074

Property Taxes

14%

$391

Home Insurance

5%

$131

HOA

0%

$0

Property Management

12%

$327

CapEx

4%

$109

Vacancy

3%

$82

Maintenance

4%

$109

Other

11%

$299

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