REI Lense

REI Lense

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$2,710 (target)

6814 Turnpike, Converse, TX 78109

3 beds • 3 baths • 1832 sqft

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This property looks like a bad Mid-Term investment with a projected -3.24% first-year return on $74,847 initial cash invested.

-3.24%

Cash On Cash

5.53%

Cap Rate

0.93

DSCR

$2,710

Rent

-$202

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,710 income − $2,912 expenses = $202 out of pocket

Income$2,710Out of Pocket$202Mortgage P&I$1,34250%Property Taxes$51119%Insurance$964%HOA$432%Management$32512%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29811%

Investment Breakdown

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Purchase Price

$271k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,847

Downpayment

20%

$54,140

Closing costs

1%

$2,707

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,710

Total Expenses

$2,912

Mortgage P&I

50%

$1,342

Property Taxes

19%

$511

Home Insurance

4%

$96

HOA

2%

$43

Property Management

12%

$325

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$298

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