REI Lense

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$1,616 (target)

842 Starlight Dr, Sherman, TX 75090

3 beds • 2 baths • 1358 sqft

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This property looks like a bad Long-Term investment with a projected -13.03% first-year return on $51,009 initial cash invested.

-13.03%

Cash On Cash

3.81%

Cap Rate

0.62

DSCR

$1,616

Rent

-$554

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,616 income − $2,170 expenses = $554 out of pocket

Income$1,616Out of Pocket$554Mortgage P&I$1,24577%Property Taxes$41626%Insurance$885%Management$16210%CapEx$815%Vacancy$976%Maintenance$815%

Investment Breakdown

|

Purchase Price

$243k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,009

Downpayment

20%

$48,580

Closing costs

1%

$2,429

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,616

Total Expenses

$2,170

Mortgage P&I

77%

$1,245

Property Taxes

26%

$416

Home Insurance

5%

$88

HOA

0%

$0

Property Management

10%

$162

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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