REI Lense

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$2,312 (target)

809 Nuevo Desierto Dr, Horizon City, TX 79928

3 beds • 2 baths • 1063 sqft

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This property might be a fair Mid-Term investment with a projected 2.84% first-year return on $56,577 initial cash invested.

2.84%

Cash On Cash

7.81%

Cap Rate

1.23

DSCR

$2,312

Rent

$134

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,312 income − $2,178 expenses = $134 cash flow

Income$2,312Mortgage P&I$97042%Property Taxes$35916%Insurance$653%Management$27712%CapEx$924%Vacancy$693%Maintenance$924%Other$25411%Cash Flow$134

Investment Breakdown

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Purchase Price

$184k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,577

Downpayment

20%

$36,740

Closing costs

1%

$1,837

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,312

Total Expenses

$2,178

Mortgage P&I

42%

$970

Property Taxes

16%

$359

Home Insurance

3%

$65

HOA

0%

$0

Property Management

12%

$277

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$254

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