REI Lense

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$1,117 (target)

774 Indian Gap, Quitman, TX 75783

3 beds • 4 baths • 1800 sqft

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This property looks like a bad Long-Term investment with a projected -21.95% first-year return on $55,545 initial cash invested.

-21.95%

Cash On Cash

1.77%

Cap Rate

0.29

DSCR

$1,117

Rent

-$1,016

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,117 income − $2,133 expenses = $1,016 out of pocket

Income$1,117Out of Pocket$1,016Mortgage P&I$1,350121%Property Taxes$34631%Insurance$948%HOA$525%Management$11210%CapEx$565%Vacancy$676%Maintenance$565%

Investment Breakdown

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Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,545

Downpayment

20%

$52,900

Closing costs

1%

$2,645

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,117

Total Expenses

$2,133

Mortgage P&I

121%

$1,350

Property Taxes

31%

$346

Home Insurance

8%

$94

HOA

5%

$52

Property Management

10%

$112

CapEx

5%

$56

Vacancy

6%

$67

Maintenance

5%

$56

Other

0%

$0

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