REI Lense

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$3,048 (target)

623 County Road 2425, Mineola, TX 75773

3 beds • 2 baths • 2664 sqft

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This property looks like a bad Mid-Term investment with a projected -9.67% first-year return on $123k initial cash invested.

-9.67%

Cash On Cash

4.52%

Cap Rate

0.68

DSCR

$3,048

Rent

-$989

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,048 income − $4,037 expenses = $989 out of pocket

Income$3,048Out of Pocket$989Mortgage P&I$2,74690%Property Taxes$632%Insurance$1756%HOA$171%Management$36612%CapEx$1224%Vacancy$913%Maintenance$1224%Other$33511%

Investment Breakdown

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Purchase Price

$499k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$99,800

Closing costs

1%

$4,990

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,048

Total Expenses

$4,037

Mortgage P&I

90%

$2,746

Property Taxes

2%

$63

Home Insurance

6%

$175

HOA

1%

$17

Property Management

12%

$366

CapEx

4%

$122

Vacancy

3%

$91

Maintenance

4%

$122

Other

11%

$335

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