REI Lense

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$2,384 (target)

7760 Laurie Ln, Lumberton, TX 77657

3 beds • 2 baths • 2207 sqft

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This property might be a fair Long-Term investment with a projected 1.54% first-year return on $54,390 initial cash invested.

1.54%

Cash On Cash

6.9%

Cap Rate

1.15

DSCR

$2,384

Rent

$70

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,384 income − $2,314 expenses = $70 cash flow

Income$2,384Mortgage P&I$1,30055%Property Taxes$30413%Insurance$914%Management$23810%CapEx$1195%Vacancy$1436%Maintenance$1195%Cash Flow$70

Investment Breakdown

|

Purchase Price

$259k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,390

Downpayment

20%

$51,800

Closing costs

1%

$2,590

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,384

Total Expenses

$2,314

Mortgage P&I

55%

$1,300

Property Taxes

13%

$304

Home Insurance

4%

$91

HOA

0%

$0

Property Management

10%

$238

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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