REI Lense

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$2,583 (target)

624 David Ortiz St, Socorro, TX 79927

3 beds • 2 baths • 1400 sqft

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This property looks like a bad Mid-Term investment with a projected -1.31% first-year return on $65,229 initial cash invested.

-1.31%

Cash On Cash

6.39%

Cap Rate

1.03

DSCR

$2,583

Rent

-$71

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,583 income − $2,654 expenses = $71 out of pocket

Income$2,583Out of Pocket$71Mortgage P&I$1,16645%Property Taxes$53221%Insurance$793%Management$31012%CapEx$1034%Vacancy$773%Maintenance$1034%Other$28411%

Investment Breakdown

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Purchase Price

$225k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,229

Downpayment

20%

$44,980

Closing costs

1%

$2,249

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,583

Total Expenses

$2,654

Mortgage P&I

45%

$1,166

Property Taxes

21%

$532

Home Insurance

3%

$79

HOA

0%

$0

Property Management

12%

$310

CapEx

4%

$103

Vacancy

3%

$77

Maintenance

4%

$103

Other

11%

$284

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