REI Lense

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$1,676 (target)

774 Indian Gap, Quitman, TX 75783

3 beds • 4 baths • 1800 sqft

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This property looks like a bad Mid-Term investment with a projected -11.99% first-year return on $73,545 initial cash invested.

-11.99%

Cash On Cash

3.09%

Cap Rate

0.51

DSCR

$1,676

Rent

-$735

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,676 income − $2,411 expenses = $735 out of pocket

Income$1,676Out of Pocket$735Mortgage P&I$1,35081%Property Taxes$34621%Insurance$946%HOA$523%Management$20112%CapEx$674%Vacancy$503%Maintenance$674%Other$18411%

Investment Breakdown

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Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,545

Downpayment

20%

$52,900

Closing costs

1%

$2,645

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,676

Total Expenses

$2,411

Mortgage P&I

81%

$1,350

Property Taxes

21%

$346

Home Insurance

6%

$94

HOA

3%

$52

Property Management

12%

$201

CapEx

4%

$67

Vacancy

3%

$50

Maintenance

4%

$67

Other

11%

$184

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