REI Lense

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$3,285 (target)

818 Wateka Way, Richardson, TX 75080

3 beds • 2 baths • 1130 sqft

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This property looks like a bad Mid-Term investment with a projected -6.93% first-year return on $98,598 initial cash invested.

-6.93%

Cash On Cash

4.62%

Cap Rate

0.77

DSCR

$3,285

Rent

-$569

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,285 income − $3,854 expenses = $569 out of pocket

Income$3,285Out of Pocket$569Mortgage P&I$1,91658%Property Taxes$68221%Insurance$1404%Management$39412%CapEx$1314%Vacancy$993%Maintenance$1314%Other$36111%

Investment Breakdown

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Purchase Price

$384k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,598

Downpayment

20%

$76,760

Closing costs

1%

$3,838

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,285

Total Expenses

$3,854

Mortgage P&I

58%

$1,916

Property Taxes

21%

$682

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$394

CapEx

4%

$131

Vacancy

3%

$99

Maintenance

4%

$131

Other

11%

$361

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