REI Lense

REI Lense

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$1,956 (target)

6416 Bishop Dr, Forney, TX 75126

3 beds • 2 baths • 1401 sqft

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This property looks like a bad Long-Term investment with a projected -11.26% first-year return on $50,400 initial cash invested.

-11.26%

Cash On Cash

4.51%

Cap Rate

0.71

DSCR

$1,956

Rent

-$473

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,956 income − $2,429 expenses = $473 out of pocket

Income$1,956Out of Pocket$473Mortgage P&I$1,27765%Property Taxes$51426%Insurance$844%HOA$452%Management$19610%CapEx$985%Vacancy$1176%Maintenance$985%

Investment Breakdown

|

Purchase Price

$240k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,400

Downpayment

20%

$48,000

Closing costs

1%

$2,400

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,956

Total Expenses

$2,429

Mortgage P&I

65%

$1,277

Property Taxes

26%

$514

Home Insurance

4%

$84

HOA

2%

$45

Property Management

10%

$196

CapEx

5%

$98

Vacancy

6%

$117

Maintenance

5%

$98

Other

0%

$0

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