REI Lense

REI Lense

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$1,722 (target)

624 David Ortiz St, Socorro, TX 79927

3 beds • 2 baths • 1400 sqft

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This property looks like a bad Long-Term investment with a projected -12.75% first-year return on $47,229 initial cash invested.

-12.75%

Cash On Cash

4%

Cap Rate

0.64

DSCR

$1,722

Rent

-$502

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,722 income − $2,224 expenses = $502 out of pocket

Income$1,722Out of Pocket$502Mortgage P&I$1,16668%Property Taxes$53231%Insurance$795%Management$17210%CapEx$865%Vacancy$1036%Maintenance$865%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,229

Downpayment

20%

$44,980

Closing costs

1%

$2,249

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,722

Total Expenses

$2,224

Mortgage P&I

68%

$1,166

Property Taxes

31%

$532

Home Insurance

5%

$79

HOA

0%

$0

Property Management

10%

$172

CapEx

5%

$86

Vacancy

6%

$103

Maintenance

5%

$86

Other

0%

$0

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