REI Lense

REI Lense

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$2,462 (target)

703 N Douglas Ave, Cleburne, TX 76033

3 beds • 2 baths • 1141 sqft

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This property might be a fair Mid-Term investment with a projected 2.42% first-year return on $64,452 initial cash invested.

2.42%

Cash On Cash

7.48%

Cap Rate

1.2

DSCR

$2,462

Rent

$130

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$221k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,452

Downpayment

20%

$44,240

Closing costs

1%

$2,212

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,462

Total Expenses

$2,332

Mortgage P&I

47%

$1,151

Property Taxes

11%

$266

Home Insurance

3%

$79

HOA

0%

$0

Property Management

12%

$295

CapEx

4%

$98

Vacancy

3%

$74

Maintenance

4%

$98

Other

11%

$271

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