REI Lense

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$1,843 (target)

704 Phillips Dr, Dumas, TX 79029

3 beds • 2 baths • 2014 sqft

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This property looks like a bad Long-Term investment with a projected -5.7% first-year return on $56,679 initial cash invested.

-5.7%

Cash On Cash

5.48%

Cap Rate

0.87

DSCR

$1,843

Rent

-$269

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,843 income − $2,112 expenses = $269 out of pocket

Income$1,843Out of Pocket$269Mortgage P&I$1,40976%Property Taxes$1307%Insurance$945%Management$18410%CapEx$925%Vacancy$1116%Maintenance$925%

Investment Breakdown

|

Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,679

Downpayment

20%

$53,980

Closing costs

1%

$2,699

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,843

Total Expenses

$2,112

Mortgage P&I

76%

$1,409

Property Taxes

7%

$130

Home Insurance

5%

$94

HOA

0%

$0

Property Management

10%

$184

CapEx

5%

$92

Vacancy

6%

$111

Maintenance

5%

$92

Other

0%

$0

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