REI Lense

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$2,541 (target)

705 Nantucket Dr, Harlingen, TX 78550

3 beds • 2 baths • 1479 sqft

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This property might be a fair Mid-Term investment with a projected 3.99% first-year return on $61,386 initial cash invested.

3.99%

Cash On Cash

7.79%

Cap Rate

1.3

DSCR

$2,541

Rent

$204

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,541 income − $2,337 expenses = $204 cash flow

Income$2,541Mortgage P&I$1,03541%Property Taxes$36314%Insurance$743%Management$30512%CapEx$1024%Vacancy$763%Maintenance$1024%Other$28011%Cash Flow$204

Investment Breakdown

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Purchase Price

$207k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,386

Downpayment

20%

$41,320

Closing costs

1%

$2,066

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,541

Total Expenses

$2,337

Mortgage P&I

41%

$1,035

Property Taxes

14%

$363

Home Insurance

3%

$74

HOA

0%

$0

Property Management

12%

$305

CapEx

4%

$102

Vacancy

3%

$76

Maintenance

4%

$102

Other

11%

$280

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