REI Lense

REI Lense

810 E Melton St, Longview, TX 75602

3 beds • 2 baths • 2580 sqft

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This property could be a profitable Airbnb investment with a projected 14.98% first-year return on $44,544 initial cash invested.

14.98%

Cash On Cash

12.64%

Cap Rate

2

DSCR

$2,724

Rent

$556

Cashflow

Cash Flow

$2,724 income − $2,168 expenses = $556 cash flow

Income$2,724P&I$66624%Taxes$1706%Insurance$241%Mgmt$40915%CapEx$1094%Maint.$1094%Other$68125%Cash Flow$556

Investment Breakdown

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Purchase Price

$126k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,544

Downpayment

20%

$25,280

Closing costs

1%

$1,264

Rehab

0%

$0

Furnishing

14%

$18,000

Cashflow

Total Income

$2,724

Total Expenses

$2,168

Mortgage P&I

24%

$666

Property Taxes

6%

$170

Home Insurance

1%

$24

HOA

0%

$0

Property Management

15%

$409

CapEx

4%

$109

Vacancy

0%

$0

Maintenance

4%

$109

Other

25%

$681

See Longview, TX short-term rental market →

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