REI Lense

REI Lense

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$3,050 (target)

622 Community Ln, Rockwall, TX 75087

3 beds • 3 baths • 1880 sqft

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This property looks like a bad Long-Term investment with a projected -5.14% first-year return on $94,290 initial cash invested.

-5.14%

Cash On Cash

5.36%

Cap Rate

0.89

DSCR

$3,050

Rent

-$404

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,050 income − $3,454 expenses = $404 out of pocket

Income$3,050Out of Pocket$404Mortgage P&I$2,25874%Property Taxes$943%Insurance$1575%HOA$1535%Management$30510%CapEx$1525%Vacancy$1836%Maintenance$1525%

Investment Breakdown

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Purchase Price

$449k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,290

Downpayment

20%

$89,800

Closing costs

1%

$4,490

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,050

Total Expenses

$3,454

Mortgage P&I

74%

$2,258

Property Taxes

3%

$94

Home Insurance

5%

$157

HOA

5%

$153

Property Management

10%

$305

CapEx

5%

$152

Vacancy

6%

$183

Maintenance

5%

$152

Other

0%

$0

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