REI Lense

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$2,146 (target)

6051 County Road 2297, Quinlan, TX 75474

3 beds • 2 baths • 1760 sqft

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This property looks like a bad Long-Term investment with a projected -20.47% first-year return on $105k initial cash invested.

-20.47%

Cash On Cash

2.15%

Cap Rate

0.35

DSCR

$2,146

Rent

-$1,787

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,146 income − $3,933 expenses = $1,787 out of pocket

Income$2,146Out of Pocket$1,787Mortgage P&I$2,573120%Property Taxes$62729%Insurance$1758%Management$21510%CapEx$1075%Vacancy$1296%Maintenance$1075%

Investment Breakdown

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Purchase Price

$499k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$99,780

Closing costs

1%

$4,989

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,146

Total Expenses

$3,933

Mortgage P&I

120%

$2,573

Property Taxes

29%

$627

Home Insurance

8%

$175

HOA

0%

$0

Property Management

10%

$215

CapEx

5%

$107

Vacancy

6%

$129

Maintenance

5%

$107

Other

0%

$0

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