REI Lense

REI Lense

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$2,322 (target)

6705 Mantissa Dr, Plano, TX 75023

3 beds • 3 baths • 2139 sqft

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This property looks like a bad Long-Term investment with a projected -17.82% first-year return on $94,290 initial cash invested.

-17.82%

Cash On Cash

3.16%

Cap Rate

0.48

DSCR

$2,322

Rent

-$1,400

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,322 income − $3,722 expenses = $1,400 out of pocket

Income$2,322Out of Pocket$1,400Mortgage P&I$2,466106%Property Taxes$49621%Insurance$1577%Management$23210%CapEx$1165%Vacancy$1396%Maintenance$1165%

Investment Breakdown

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Purchase Price

$449k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,290

Downpayment

20%

$89,800

Closing costs

1%

$4,490

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,322

Total Expenses

$3,722

Mortgage P&I

106%

$2,466

Property Taxes

21%

$496

Home Insurance

7%

$157

HOA

0%

$0

Property Management

10%

$232

CapEx

5%

$116

Vacancy

6%

$139

Maintenance

5%

$116

Other

0%

$0

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