REI Lense

REI Lense

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$2,338 (target)

603 Steamboat Rd, White Oak, TX 75693

3 beds • 2 baths • 2756 sqft

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This property looks like a bad Long-Term investment with a projected -12.63% first-year return on $77,406 initial cash invested.

-12.63%

Cash On Cash

3.86%

Cap Rate

0.63

DSCR

$2,338

Rent

-$815

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,338 income − $3,153 expenses = $815 out of pocket

Income$2,338Out of Pocket$815Mortgage P&I$1,88381%Property Taxes$52723%Insurance$1356%Management$23410%CapEx$1175%Vacancy$1406%Maintenance$1175%

Investment Breakdown

|

Purchase Price

$369k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,406

Downpayment

20%

$73,720

Closing costs

1%

$3,686

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,338

Total Expenses

$3,153

Mortgage P&I

81%

$1,883

Property Taxes

23%

$527

Home Insurance

6%

$135

HOA

0%

$0

Property Management

10%

$234

CapEx

5%

$117

Vacancy

6%

$140

Maintenance

5%

$117

Other

0%

$0

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