REI Lense

REI Lense

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$2,346 (target)

643 E Columbia Dr, Azle, TX 76020

3 beds • 2 baths • 2128 sqft

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This property looks like a bad Long-Term investment with a projected -5.14% first-year return on $56,973 initial cash invested.

-5.14%

Cash On Cash

5.54%

Cap Rate

0.91

DSCR

$2,346

Rent

-$244

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,346 income − $2,590 expenses = $244 out of pocket

Income$2,346Out of Pocket$244Mortgage P&I$1,37959%Property Taxes$50321%Insurance$984%Management$23510%CapEx$1175%Vacancy$1416%Maintenance$1175%

Investment Breakdown

|

Purchase Price

$271k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,973

Downpayment

20%

$54,260

Closing costs

1%

$2,713

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,346

Total Expenses

$2,590

Mortgage P&I

59%

$1,379

Property Taxes

21%

$503

Home Insurance

4%

$98

HOA

0%

$0

Property Management

10%

$235

CapEx

5%

$117

Vacancy

6%

$141

Maintenance

5%

$117

Other

0%

$0

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