REI Lense

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$2,159 (target)

6338 Megan Cir, Corpus Christi, TX 78414

3 beds • 2 baths • 1542 sqft

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This property looks like a bad Long-Term investment with a projected -6.89% first-year return on $54,348 initial cash invested.

-6.89%

Cash On Cash

5.17%

Cap Rate

0.85

DSCR

$2,159

Rent

-$312

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,159 income − $2,471 expenses = $312 out of pocket

Income$2,159Out of Pocket$312Mortgage P&I$1,31861%Property Taxes$49823%Insurance$934%Management$21610%CapEx$1085%Vacancy$1306%Maintenance$1085%

Investment Breakdown

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Purchase Price

$259k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,348

Downpayment

20%

$51,760

Closing costs

1%

$2,588

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,159

Total Expenses

$2,471

Mortgage P&I

61%

$1,318

Property Taxes

23%

$498

Home Insurance

4%

$93

HOA

0%

$0

Property Management

10%

$216

CapEx

5%

$108

Vacancy

6%

$130

Maintenance

5%

$108

Other

0%

$0

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