REI Lense

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$4,575 (target)

622 Community Ln, Rockwall, TX 75087

3 beds • 3 baths • 1880 sqft

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This property might be a fair Mid-Term investment with a projected 3.83% first-year return on $112k initial cash invested.

3.83%

Cash On Cash

7.48%

Cap Rate

1.24

DSCR

$4,575

Rent

$358

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,575 income − $4,217 expenses = $358 cash flow

Income$4,575Mortgage P&I$2,25849%Property Taxes$942%Insurance$1573%HOA$1533%Management$54912%CapEx$1834%Vacancy$1373%Maintenance$1834%Other$50311%Cash Flow$358

Investment Breakdown

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Purchase Price

$449k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,800

Closing costs

1%

$4,490

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,575

Total Expenses

$4,217

Mortgage P&I

49%

$2,258

Property Taxes

2%

$94

Home Insurance

3%

$157

HOA

3%

$153

Property Management

12%

$549

CapEx

4%

$183

Vacancy

3%

$137

Maintenance

4%

$183

Other

11%

$503

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