REI Lense

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$2,101 (target)

670 County Road 3701, Quinlan, TX 75474

3 beds • 2 baths • 2197 sqft

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This property looks like a bad Long-Term investment with a projected -8.16% first-year return on $59,850 initial cash invested.

-8.16%

Cash On Cash

5.17%

Cap Rate

0.8

DSCR

$2,101

Rent

-$407

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,101 income − $2,508 expenses = $407 out of pocket

Income$2,101Out of Pocket$407Mortgage P&I$1,52973%Property Taxes$33316%Insurance$1005%Management$21010%CapEx$1055%Vacancy$1266%Maintenance$1055%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,850

Downpayment

20%

$57,000

Closing costs

1%

$2,850

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,101

Total Expenses

$2,508

Mortgage P&I

73%

$1,529

Property Taxes

16%

$333

Home Insurance

5%

$100

HOA

0%

$0

Property Management

10%

$210

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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