REI Lense

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$3,880 (target)

6005 Norfolk Dr, Garland, TX 75044

3 beds • 3 baths • 2289 sqft

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This property looks like a bad Mid-Term investment with a projected -9.06% first-year return on $117k initial cash invested.

-9.06%

Cash On Cash

4.13%

Cap Rate

0.69

DSCR

$3,880

Rent

-$880

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,880 income − $4,760 expenses = $880 out of pocket

Income$3,880Out of Pocket$880Mortgage P&I$2,34160%Property Taxes$93024%Insurance$1704%Management$46612%CapEx$1554%Vacancy$1163%Maintenance$1554%Other$42711%

Investment Breakdown

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Purchase Price

$469k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$93,840

Closing costs

1%

$4,692

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,880

Total Expenses

$4,760

Mortgage P&I

60%

$2,341

Property Taxes

24%

$930

Home Insurance

4%

$170

HOA

0%

$0

Property Management

12%

$466

CapEx

4%

$155

Vacancy

3%

$116

Maintenance

4%

$155

Other

11%

$427

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