REI Lense

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$4,773 (target)

6945 Shoreview Dr, Grand Prairie, TX 75054

3 beds • 3 baths • 2832 sqft

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This property looks like a bad Mid-Term investment with a projected -1.74% first-year return on $115k initial cash invested.

-1.74%

Cash On Cash

6.1%

Cap Rate

1.01

DSCR

$4,773

Rent

-$166

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,773 income − $4,939 expenses = $166 out of pocket

Income$4,773Out of Pocket$166Mortgage P&I$2,31348%Property Taxes$71715%Insurance$1613%HOA$1253%Management$57312%CapEx$1914%Vacancy$1433%Maintenance$1914%Other$52511%

Investment Breakdown

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Purchase Price

$460k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$92,000

Closing costs

1%

$4,600

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,773

Total Expenses

$4,939

Mortgage P&I

48%

$2,313

Property Taxes

15%

$717

Home Insurance

3%

$161

HOA

3%

$125

Property Management

12%

$573

CapEx

4%

$191

Vacancy

3%

$143

Maintenance

4%

$191

Other

11%

$525

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