REI Lense

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$3,219 (target)

6051 County Road 2297, Quinlan, TX 75474

3 beds • 2 baths • 1760 sqft

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This property looks like a bad Mid-Term investment with a projected -12.23% first-year return on $123k initial cash invested.

-12.23%

Cash On Cash

3.49%

Cap Rate

0.56

DSCR

$3,219

Rent

-$1,251

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,219 income − $4,470 expenses = $1,251 out of pocket

Income$3,219Out of Pocket$1,251Mortgage P&I$2,57380%Property Taxes$62719%Insurance$1755%Management$38612%CapEx$1294%Vacancy$973%Maintenance$1294%Other$35411%

Investment Breakdown

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Purchase Price

$499k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$99,780

Closing costs

1%

$4,989

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,219

Total Expenses

$4,470

Mortgage P&I

80%

$2,573

Property Taxes

19%

$627

Home Insurance

5%

$175

HOA

0%

$0

Property Management

12%

$386

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$354

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