REI Lense

REI Lense

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$2,023 (target)

7024 N 15th Ln, McAllen, TX 78504

3 beds • 2 baths • 1626 sqft

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This property looks like a bad Long-Term investment with a projected -9.04% first-year return on $57,750 initial cash invested.

-9.04%

Cash On Cash

5.21%

Cap Rate

0.78

DSCR

$2,023

Rent

-$435

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,023 income − $2,458 expenses = $435 out of pocket

Income$2,023Out of Pocket$435Mortgage P&I$1,52775%Property Taxes$31015%Insurance$965%Management$20210%CapEx$1015%Vacancy$1216%Maintenance$1015%

Investment Breakdown

|

Purchase Price

$275k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,750

Downpayment

20%

$55,000

Closing costs

1%

$2,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,023

Total Expenses

$2,458

Mortgage P&I

75%

$1,527

Property Taxes

15%

$310

Home Insurance

5%

$96

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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