REI Lense

REI Lense

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$1,807 (target)

6814 Turnpike, Converse, TX 78109

3 beds • 3 baths • 1832 sqft

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This property looks like a bad Long-Term investment with a projected -13.81% first-year return on $56,847 initial cash invested.

-13.81%

Cash On Cash

3.45%

Cap Rate

0.58

DSCR

$1,807

Rent

-$654

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,807 income − $2,461 expenses = $654 out of pocket

Income$1,807Out of Pocket$654Mortgage P&I$1,34274%Property Taxes$51128%Insurance$965%HOA$432%Management$18110%CapEx$905%Vacancy$1086%Maintenance$905%

Investment Breakdown

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Purchase Price

$271k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,847

Downpayment

20%

$54,140

Closing costs

1%

$2,707

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,807

Total Expenses

$2,461

Mortgage P&I

74%

$1,342

Property Taxes

28%

$511

Home Insurance

5%

$96

HOA

2%

$43

Property Management

10%

$181

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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