REI Lense

REI Lense

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$4,131 (target)

6712 Hornbeam Ct, Plano, TX 75023

3 beds • 3 baths • 2347 sqft

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This property looks like a bad Mid-Term investment with a projected -4.55% first-year return on $120k initial cash invested.

-4.55%

Cash On Cash

5.18%

Cap Rate

0.88

DSCR

$4,131

Rent

-$456

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,131 income − $4,587 expenses = $456 out of pocket

Income$4,131Out of Pocket$456Mortgage P&I$2,38958%Property Taxes$61915%Insurance$1754%Management$49612%CapEx$1654%Vacancy$1243%Maintenance$1654%Other$45411%

Investment Breakdown

|

Purchase Price

$486k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$97,280

Closing costs

1%

$4,864

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,131

Total Expenses

$4,587

Mortgage P&I

58%

$2,389

Property Taxes

15%

$619

Home Insurance

4%

$175

HOA

0%

$0

Property Management

12%

$496

CapEx

4%

$165

Vacancy

3%

$124

Maintenance

4%

$165

Other

11%

$454

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