REI Lense

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$2,622 (target)

620 Redwood Dr, Greenville, TX 75402

3 beds • 2 baths • 1510 sqft

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This property looks like a bad Mid-Term investment with a projected -2.14% first-year return on $69,450 initial cash invested.

-2.14%

Cash On Cash

6.35%

Cap Rate

0.99

DSCR

$2,622

Rent

-$124

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,622 income − $2,746 expenses = $124 out of pocket

Income$2,622Out of Pocket$124Mortgage P&I$1,31650%Property Taxes$44217%Insurance$863%HOA$10Management$31512%CapEx$1054%Vacancy$793%Maintenance$1054%Other$28811%

Investment Breakdown

|

Purchase Price

$245k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,450

Downpayment

20%

$49,000

Closing costs

1%

$2,450

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,622

Total Expenses

$2,746

Mortgage P&I

50%

$1,316

Property Taxes

17%

$442

Home Insurance

3%

$86

HOA

0%

$10

Property Management

12%

$315

CapEx

4%

$105

Vacancy

3%

$79

Maintenance

4%

$105

Other

11%

$288

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