REI Lense

REI Lense

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$1,762 (target)

609 Hastings Rd, Belton, TX 76513

3 beds • 2 baths • 1494 sqft

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This property looks like a bad Long-Term investment with a projected -7.3% first-year return on $49,161 initial cash invested.

-7.3%

Cash On Cash

5.24%

Cap Rate

0.83

DSCR

$1,762

Rent

-$299

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,762 income − $2,061 expenses = $299 out of pocket

Income$1,762Out of Pocket$299Mortgage P&I$1,23370%Property Taxes$28616%Insurance$845%Management$17610%CapEx$885%Vacancy$1066%Maintenance$885%

Investment Breakdown

|

Purchase Price

$234k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,161

Downpayment

20%

$46,820

Closing costs

1%

$2,341

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,762

Total Expenses

$2,061

Mortgage P&I

70%

$1,233

Property Taxes

16%

$286

Home Insurance

5%

$84

HOA

0%

$0

Property Management

10%

$176

CapEx

5%

$88

Vacancy

6%

$106

Maintenance

5%

$88

Other

0%

$0

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