REI Lense

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$3,314 (target)

7034 Lo Chalmers Ln, Garland, TX 75043

3 beds • 2 baths • 2068 sqft

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This property looks like a bad Mid-Term investment with a projected -4.51% first-year return on $90,828 initial cash invested.

-4.51%

Cash On Cash

5.26%

Cap Rate

0.88

DSCR

$3,314

Rent

-$341

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,314 income − $3,655 expenses = $341 out of pocket

Income$3,314Out of Pocket$341Mortgage P&I$1,72952%Property Taxes$67420%Insurance$1244%Management$39812%CapEx$1334%Vacancy$993%Maintenance$1334%Other$36511%

Investment Breakdown

|

Purchase Price

$347k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,828

Downpayment

20%

$69,360

Closing costs

1%

$3,468

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,314

Total Expenses

$3,655

Mortgage P&I

52%

$1,729

Property Taxes

20%

$674

Home Insurance

4%

$124

HOA

0%

$0

Property Management

12%

$398

CapEx

4%

$133

Vacancy

3%

$99

Maintenance

4%

$133

Other

11%

$365

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