REI Lense

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$3,016 (target)

630 The Lakes Blvd, The Colony, TX 75056

3 beds • 3 baths • 2276 sqft

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This property looks like a bad Long-Term investment with a projected -22.71% first-year return on $135k initial cash invested.

-22.71%

Cash On Cash

1.43%

Cap Rate

0.24

DSCR

$3,016

Rent

-$2,549

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,016 income − $5,565 expenses = $2,549 out of pocket

Income$3,016Out of Pocket$2,549Mortgage P&I$3,162105%Property Taxes$93931%Insurance$2318%HOA$44815%Management$30210%CapEx$1515%Vacancy$1816%Maintenance$1515%

Investment Breakdown

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Purchase Price

$642k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$135k

Downpayment

20%

$128k

Closing costs

1%

$6,415

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,016

Total Expenses

$5,565

Mortgage P&I

105%

$3,162

Property Taxes

31%

$939

Home Insurance

8%

$231

HOA

15%

$448

Property Management

10%

$302

CapEx

5%

$151

Vacancy

6%

$181

Maintenance

5%

$151

Other

0%

$0

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