REI Lense

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$2,934 (target)

6416 Bishop Dr, Forney, TX 75126

3 beds • 2 baths • 1401 sqft

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This property might be a fair Mid-Term investment with a projected 0.3% first-year return on $68,400 initial cash invested.

0.3%

Cash On Cash

7.06%

Cap Rate

1.1

DSCR

$2,934

Rent

$17

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,934 income − $2,917 expenses = $17 cash flow

Income$2,934Mortgage P&I$1,27744%Property Taxes$51418%Insurance$843%HOA$452%Management$35212%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32311%Cash Flow$17

Investment Breakdown

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Purchase Price

$240k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,400

Downpayment

20%

$48,000

Closing costs

1%

$2,400

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,934

Total Expenses

$2,917

Mortgage P&I

44%

$1,277

Property Taxes

18%

$514

Home Insurance

3%

$84

HOA

2%

$45

Property Management

12%

$352

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$323

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