REI Lense

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$2,942 (target)

608 Terrace Dr, Richardson, TX 75081

3 beds • 2 baths • 1390 sqft

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This property looks like a bad Mid-Term investment with a projected -5.02% first-year return on $85,851 initial cash invested.

-5.02%

Cash On Cash

5.15%

Cap Rate

0.85

DSCR

$2,942

Rent

-$359

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,942 income − $3,301 expenses = $359 out of pocket

Income$2,942Out of Pocket$359Mortgage P&I$1,62855%Property Taxes$56719%Insurance$1054%Management$35312%CapEx$1184%Vacancy$883%Maintenance$1184%Other$32411%

Investment Breakdown

|

Purchase Price

$323k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,851

Downpayment

20%

$64,620

Closing costs

1%

$3,231

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,942

Total Expenses

$3,301

Mortgage P&I

55%

$1,628

Property Taxes

19%

$567

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$353

CapEx

4%

$118

Vacancy

3%

$88

Maintenance

4%

$118

Other

11%

$324

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