REI Lense

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$3,603 (target)

6407 Velasco Ave, Dallas, TX 75214

3 beds • 2 baths • 1867 sqft

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This property looks like a bad Long-Term investment with a projected -16.56% first-year return on $199k initial cash invested.

-16.56%

Cash On Cash

2.62%

Cap Rate

0.45

DSCR

$3,603

Rent

-$2,751

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,603 income − $6,354 expenses = $2,751 out of pocket

Income$3,603Out of Pocket$2,751Mortgage P&I$4,641129%Property Taxes$44512%Insurance$3329%Management$36010%CapEx$1805%Vacancy$2166%Maintenance$1805%

Investment Breakdown

|

Purchase Price

$949k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$199k

Downpayment

20%

$190k

Closing costs

1%

$9,490

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,603

Total Expenses

$6,354

Mortgage P&I

129%

$4,641

Property Taxes

12%

$445

Home Insurance

9%

$332

HOA

0%

$0

Property Management

10%

$360

CapEx

5%

$180

Vacancy

6%

$216

Maintenance

5%

$180

Other

0%

$0

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