REI Lense

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$2,733 (target)

607 N Parkridge Dr, Mansfield, TX 76063

3 beds • 3 baths • 2117 sqft

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This property looks like a bad Long-Term investment with a projected -9.03% first-year return on $83,979 initial cash invested.

-9.03%

Cash On Cash

4.46%

Cap Rate

0.75

DSCR

$2,733

Rent

-$632

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,733 income − $3,365 expenses = $632 out of pocket

Income$2,733Out of Pocket$632Mortgage P&I$1,98072%Property Taxes$53420%Insurance$1405%Management$27310%CapEx$1375%Vacancy$1646%Maintenance$1375%

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,979

Downpayment

20%

$79,980

Closing costs

1%

$3,999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,733

Total Expenses

$3,365

Mortgage P&I

72%

$1,980

Property Taxes

20%

$534

Home Insurance

5%

$140

HOA

0%

$0

Property Management

10%

$273

CapEx

5%

$137

Vacancy

6%

$164

Maintenance

5%

$137

Other

0%

$0

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