REI Lense

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$2,396 (target)

7 Placid Ct, Odessa, TX 79762

3 beds • 3 baths • 2145 sqft

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This property looks like a bad Long-Term investment with a projected -9.86% first-year return on $83,013 initial cash invested.

-9.86%

Cash On Cash

4.27%

Cap Rate

0.71

DSCR

$2,396

Rent

-$682

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,396 income − $3,078 expenses = $682 out of pocket

Income$2,396Out of Pocket$682Mortgage P&I$1,96782%Property Taxes$34714%Insurance$1406%Management$24010%CapEx$1205%Vacancy$1446%Maintenance$1205%

Investment Breakdown

|

Purchase Price

$395k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,013

Downpayment

20%

$79,060

Closing costs

1%

$3,953

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,396

Total Expenses

$3,078

Mortgage P&I

82%

$1,967

Property Taxes

14%

$347

Home Insurance

6%

$140

HOA

0%

$0

Property Management

10%

$240

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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