REI Lense

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$2,566 (target)

6620 Springhill Dr, Watauga, TX 76148

3 beds • 2 baths • 1844 sqft

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This property looks like a bad Long-Term investment with a projected -13.49% first-year return on $86,100 initial cash invested.

-13.49%

Cash On Cash

3.74%

Cap Rate

0.6

DSCR

$2,566

Rent

-$968

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,566 income − $3,534 expenses = $968 out of pocket

Income$2,566Out of Pocket$968Mortgage P&I$2,11883%Property Taxes$60524%Insurance$1446%Management$25710%CapEx$1285%Vacancy$1546%Maintenance$1285%

Investment Breakdown

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Purchase Price

$410k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,100

Downpayment

20%

$82,000

Closing costs

1%

$4,100

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,566

Total Expenses

$3,534

Mortgage P&I

83%

$2,118

Property Taxes

24%

$605

Home Insurance

6%

$144

HOA

0%

$0

Property Management

10%

$257

CapEx

5%

$128

Vacancy

6%

$154

Maintenance

5%

$128

Other

0%

$0

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