REI Lense

REI Lense

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$2,424 (target)

842 Starlight Dr, Sherman, TX 75090

3 beds • 2 baths • 1358 sqft

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This property looks like a bad Mid-Term investment with a projected -2.61% first-year return on $69,009 initial cash invested.

-2.61%

Cash On Cash

5.89%

Cap Rate

0.96

DSCR

$2,424

Rent

-$150

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,424 income − $2,574 expenses = $150 out of pocket

Income$2,424Out of Pocket$150Mortgage P&I$1,24551%Property Taxes$41617%Insurance$884%Management$29112%CapEx$974%Vacancy$733%Maintenance$974%Other$26711%

Investment Breakdown

|

Purchase Price

$243k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,009

Downpayment

20%

$48,580

Closing costs

1%

$2,429

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,424

Total Expenses

$2,574

Mortgage P&I

51%

$1,245

Property Taxes

17%

$416

Home Insurance

4%

$88

HOA

0%

$0

Property Management

12%

$291

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$267

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