REI Lense

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$2,292 (target)

710 E Lamar St, Sherman, TX 75090

3 beds • 2 baths • 1374 sqft

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This property might be a fair Mid-Term investment with a projected 6.41% first-year return on $52,629 initial cash invested.

6.41%

Cash On Cash

8.87%

Cap Rate

1.44

DSCR

$2,292

Rent

$281

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,292 income − $2,011 expenses = $281 cash flow

Income$2,292Mortgage P&I$84637%Property Taxes$32714%Insurance$583%Management$27512%CapEx$924%Vacancy$693%Maintenance$924%Other$25211%Cash Flow$281

Investment Breakdown

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Purchase Price

$165k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,629

Downpayment

20%

$32,980

Closing costs

1%

$1,649

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,292

Total Expenses

$2,011

Mortgage P&I

37%

$846

Property Taxes

14%

$327

Home Insurance

3%

$58

HOA

0%

$0

Property Management

12%

$275

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$252

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