REI Lense

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$2,936 (target)

816 E Heath St, Rockwall, TX 75087

3 beds • 2 baths • 1314 sqft

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This property might be a fair Mid-Term investment with a projected 3.17% first-year return on $72,600 initial cash invested.

3.17%

Cash On Cash

7.58%

Cap Rate

1.23

DSCR

$2,936

Rent

$192

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,936 income − $2,744 expenses = $192 cash flow

Income$2,936Mortgage P&I$1,33345%Property Taxes$32311%Insurance$913%Management$35212%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32311%Cash Flow$192

Investment Breakdown

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Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,600

Downpayment

20%

$52,000

Closing costs

1%

$2,600

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,936

Total Expenses

$2,744

Mortgage P&I

45%

$1,333

Property Taxes

11%

$323

Home Insurance

3%

$91

HOA

0%

$0

Property Management

12%

$352

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$323

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