REI Lense

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$1,989 (target)

6339 Lakewood Dr, Gilmer, TX 75645

3 beds • 2 baths • 1749 sqft

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This property might be a fair Long-Term investment with a projected 1.9% first-year return on $49,350 initial cash invested.

1.9%

Cash On Cash

7.21%

Cap Rate

1.14

DSCR

$1,989

Rent

$78

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,989 income − $1,911 expenses = $78 cash flow

Income$1,989Mortgage P&I$1,23562%Property Taxes$382%Insurance$824%HOA$402%Management$19910%CapEx$995%Vacancy$1196%Maintenance$995%Cash Flow$78

Investment Breakdown

|

Purchase Price

$235k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,350

Downpayment

20%

$47,000

Closing costs

1%

$2,350

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,989

Total Expenses

$1,911

Mortgage P&I

62%

$1,235

Property Taxes

2%

$38

Home Insurance

4%

$82

HOA

2%

$40

Property Management

10%

$199

CapEx

5%

$99

Vacancy

6%

$119

Maintenance

5%

$99

Other

0%

$0

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