REI Lense

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$3,519 (target)

643 E Columbia Dr, Azle, TX 76020

3 beds • 2 baths • 2128 sqft

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This property might be a fair Mid-Term investment with a projected 5.47% first-year return on $74,973 initial cash invested.

5.47%

Cash On Cash

8.24%

Cap Rate

1.35

DSCR

$3,519

Rent

$342

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,519 income − $3,177 expenses = $342 cash flow

Income$3,519Mortgage P&I$1,37939%Property Taxes$50314%Insurance$983%Management$42212%CapEx$1414%Vacancy$1063%Maintenance$1414%Other$38711%Cash Flow$342

Investment Breakdown

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Purchase Price

$271k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,973

Downpayment

20%

$54,260

Closing costs

1%

$2,713

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,519

Total Expenses

$3,177

Mortgage P&I

39%

$1,379

Property Taxes

14%

$503

Home Insurance

3%

$98

HOA

0%

$0

Property Management

12%

$422

CapEx

4%

$141

Vacancy

3%

$106

Maintenance

4%

$141

Other

11%

$387

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