REI Lense

REI Lense

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$1,891 (target)

659 Cherry Creek Ln, Canton, TX 75103

3 beds • 2 baths • 2342 sqft

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This property looks like a bad Long-Term investment with a projected -16.59% first-year return on $83,097 initial cash invested.

-16.59%

Cash On Cash

2.76%

Cap Rate

0.46

DSCR

$1,891

Rent

-$1,149

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,891 income − $3,040 expenses = $1,149 out of pocket

Income$1,891Out of Pocket$1,149Mortgage P&I$1,963104%Property Taxes$44123%Insurance$1448%Management$18910%CapEx$955%Vacancy$1136%Maintenance$955%

Investment Breakdown

|

Purchase Price

$396k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,097

Downpayment

20%

$79,140

Closing costs

1%

$3,957

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,891

Total Expenses

$3,040

Mortgage P&I

104%

$1,963

Property Taxes

23%

$441

Home Insurance

8%

$144

HOA

0%

$0

Property Management

10%

$189

CapEx

5%

$95

Vacancy

6%

$113

Maintenance

5%

$95

Other

0%

$0

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