REI Lense

REI Lense

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$2,587 (target)

6411 Andover Dr, Amarillo, TX 79109

3 beds • 2 baths • 2603 sqft

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This property looks like a bad Long-Term investment with a projected -8.53% first-year return on $78,645 initial cash invested.

-8.53%

Cash On Cash

5.01%

Cap Rate

0.78

DSCR

$2,587

Rent

-$559

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,587 income − $3,146 expenses = $559 out of pocket

Income$2,587Out of Pocket$559Mortgage P&I$1,99477%Property Taxes$34913%Insurance$1315%Management$25910%CapEx$1295%Vacancy$1556%Maintenance$1295%

Investment Breakdown

|

Purchase Price

$375k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,645

Downpayment

20%

$74,900

Closing costs

1%

$3,745

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,587

Total Expenses

$3,146

Mortgage P&I

77%

$1,994

Property Taxes

13%

$349

Home Insurance

5%

$131

HOA

0%

$0

Property Management

10%

$259

CapEx

5%

$129

Vacancy

6%

$155

Maintenance

5%

$129

Other

0%

$0

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