REI Lense

REI Lense

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$3,423 (target)

711 Apple Ln, Midlothian, TX 76065

3 beds • 2 baths • 1476 sqft

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This property looks like a bad Mid-Term investment with a projected -4.4% first-year return on $100k initial cash invested.

-4.4%

Cash On Cash

5.26%

Cap Rate

0.88

DSCR

$3,423

Rent

-$367

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,423 income − $3,790 expenses = $367 out of pocket

Income$3,423Out of Pocket$367Mortgage P&I$1,94557%Property Taxes$54016%Insurance$1404%Management$41112%CapEx$1374%Vacancy$1033%Maintenance$1374%Other$37711%

Investment Breakdown

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Purchase Price

$391k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$100k

Downpayment

20%

$78,180

Closing costs

1%

$3,909

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,423

Total Expenses

$3,790

Mortgage P&I

57%

$1,945

Property Taxes

16%

$540

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$411

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$377

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