REI Lense

REI Lense

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$2,491 (target)

6203 Rainier Rd, Plano, TX 75023

3 beds • 2 baths • 1930 sqft

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This property looks like a bad Long-Term investment with a projected -13.19% first-year return on $83,034 initial cash invested.

-13.19%

Cash On Cash

3.74%

Cap Rate

0.61

DSCR

$2,491

Rent

-$913

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,491 income − $3,404 expenses = $913 out of pocket

Income$2,491Out of Pocket$913Mortgage P&I$2,02081%Property Taxes$59424%Insurance$1426%Management$24910%CapEx$1255%Vacancy$1496%Maintenance$1255%

Investment Breakdown

|

Purchase Price

$395k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,034

Downpayment

20%

$79,080

Closing costs

1%

$3,954

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,491

Total Expenses

$3,404

Mortgage P&I

81%

$2,020

Property Taxes

24%

$594

Home Insurance

6%

$142

HOA

0%

$0

Property Management

10%

$249

CapEx

5%

$125

Vacancy

6%

$149

Maintenance

5%

$125

Other

0%

$0

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