REI Lense

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$2,836 (target)

659 Cherry Creek Ln, Canton, TX 75103

3 beds • 2 baths • 2342 sqft

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This property looks like a bad Mid-Term investment with a projected -8.01% first-year return on $101k initial cash invested.

-8.01%

Cash On Cash

4.25%

Cap Rate

0.71

DSCR

$2,836

Rent

-$675

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,836 income − $3,511 expenses = $675 out of pocket

Income$2,836Out of Pocket$675Mortgage P&I$1,96369%Property Taxes$44116%Insurance$1445%Management$34012%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31211%

Investment Breakdown

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Purchase Price

$396k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$79,140

Closing costs

1%

$3,957

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,836

Total Expenses

$3,511

Mortgage P&I

69%

$1,963

Property Taxes

16%

$441

Home Insurance

5%

$144

HOA

0%

$0

Property Management

12%

$340

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$312

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