REI Lense

REI Lense

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$2,391 (target)

7004 Cotton Seed Dr, McKinney, TX 75070

3 beds • 2 baths • 1785 sqft

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This property looks like a bad Long-Term investment with a projected -12.81% first-year return on $78,477 initial cash invested.

-12.81%

Cash On Cash

3.59%

Cap Rate

0.61

DSCR

$2,391

Rent

-$838

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,391 income − $3,229 expenses = $838 out of pocket

Income$2,391Out of Pocket$838Mortgage P&I$1,83577%Property Taxes$58324%Insurance$1315%HOA$582%Management$23910%CapEx$1205%Vacancy$1436%Maintenance$1205%

Investment Breakdown

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Purchase Price

$374k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,477

Downpayment

20%

$74,740

Closing costs

1%

$3,737

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,391

Total Expenses

$3,229

Mortgage P&I

77%

$1,835

Property Taxes

24%

$583

Home Insurance

5%

$131

HOA

2%

$58

Property Management

10%

$239

CapEx

5%

$120

Vacancy

6%

$143

Maintenance

5%

$120

Other

0%

$0

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