REI Lense

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$1,961 (target)

608 Terrace Dr, Richardson, TX 75081

3 beds • 2 baths • 1390 sqft

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This property looks like a bad Long-Term investment with a projected -15.02% first-year return on $67,851 initial cash invested.

-15.02%

Cash On Cash

3.26%

Cap Rate

0.54

DSCR

$1,961

Rent

-$849

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,961 income − $2,810 expenses = $849 out of pocket

Income$1,961Out of Pocket$849Mortgage P&I$1,62883%Property Taxes$56729%Insurance$1055%Management$19610%CapEx$985%Vacancy$1186%Maintenance$985%

Investment Breakdown

|

Purchase Price

$323k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,851

Downpayment

20%

$64,620

Closing costs

1%

$3,231

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,961

Total Expenses

$2,810

Mortgage P&I

83%

$1,628

Property Taxes

29%

$567

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$196

CapEx

5%

$98

Vacancy

6%

$118

Maintenance

5%

$98

Other

0%

$0

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