REI Lense

REI Lense

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$2,754 (target)

6712 Hornbeam Ct, Plano, TX 75023

3 beds • 3 baths • 2347 sqft

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This property looks like a bad Long-Term investment with a projected -13.45% first-year return on $102k initial cash invested.

-13.45%

Cash On Cash

3.41%

Cap Rate

0.58

DSCR

$2,754

Rent

-$1,145

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,754 income − $3,899 expenses = $1,145 out of pocket

Income$2,754Out of Pocket$1,145Mortgage P&I$2,38987%Property Taxes$61922%Insurance$1756%Management$27510%CapEx$1385%Vacancy$1656%Maintenance$1385%

Investment Breakdown

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Purchase Price

$486k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$97,280

Closing costs

1%

$4,864

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,754

Total Expenses

$3,899

Mortgage P&I

87%

$2,389

Property Taxes

22%

$619

Home Insurance

6%

$175

HOA

0%

$0

Property Management

10%

$275

CapEx

5%

$138

Vacancy

6%

$165

Maintenance

5%

$138

Other

0%

$0

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