REI Lense

REI Lense

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$2,092 (target)

8041 State Highway 11, Sherman, TX 75090

3 beds • 2 baths • 1404 sqft

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This property looks like a bad Mid-Term investment with a projected -5.54% first-year return on $79,950 initial cash invested.

-5.54%

Cash On Cash

4.79%

Cap Rate

0.81

DSCR

$2,092

Rent

-$369

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,950

Downpayment

20%

$59,000

Closing costs

1%

$2,950

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,092

Total Expenses

$2,461

Mortgage P&I

70%

$1,463

Property Taxes

9%

$183

Home Insurance

5%

$103

HOA

0%

$0

Property Management

12%

$251

CapEx

4%

$84

Vacancy

3%

$63

Maintenance

4%

$84

Other

11%

$230

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