REI Lense

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$2,142 (target)

7528 Meadowlark Ln N, Watauga, TX 76148

3 beds • 2 baths • 1713 sqft

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This property looks like a bad Long-Term investment with a projected -11.03% first-year return on $66,150 initial cash invested.

-11.03%

Cash On Cash

3.96%

Cap Rate

0.67

DSCR

$2,142

Rent

-$608

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,142 income − $2,750 expenses = $608 out of pocket

Income$2,142Out of Pocket$608Mortgage P&I$1,54172%Property Taxes$54225%Insurance$1105%Management$21410%CapEx$1075%Vacancy$1296%Maintenance$1075%

Investment Breakdown

|

Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,150

Downpayment

20%

$63,000

Closing costs

1%

$3,150

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,142

Total Expenses

$2,750

Mortgage P&I

72%

$1,541

Property Taxes

25%

$542

Home Insurance

5%

$110

HOA

0%

$0

Property Management

10%

$214

CapEx

5%

$107

Vacancy

6%

$129

Maintenance

5%

$107

Other

0%

$0

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