REI Lense

REI Lense

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$3,182 (target)

6945 Shoreview Dr, Grand Prairie, TX 75054

3 beds • 3 baths • 2832 sqft

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This property looks like a bad Long-Term investment with a projected -11.94% first-year return on $96,600 initial cash invested.

-11.94%

Cash On Cash

3.94%

Cap Rate

0.65

DSCR

$3,182

Rent

-$961

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,182 income − $4,143 expenses = $961 out of pocket

Income$3,182Out of Pocket$961Mortgage P&I$2,31373%Property Taxes$71723%Insurance$1615%HOA$1254%Management$31810%CapEx$1595%Vacancy$1916%Maintenance$1595%

Investment Breakdown

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Purchase Price

$460k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,600

Downpayment

20%

$92,000

Closing costs

1%

$4,600

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,182

Total Expenses

$4,143

Mortgage P&I

73%

$2,313

Property Taxes

23%

$717

Home Insurance

5%

$161

HOA

4%

$125

Property Management

10%

$318

CapEx

5%

$159

Vacancy

6%

$191

Maintenance

5%

$159

Other

0%

$0

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