REI Lense

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$4,268 (target)

8513 Melrose Colony, The Colony, TX 75056

3 beds • 2 baths • 1911 sqft

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This property looks like a bad Mid-Term investment with a projected -9.35% first-year return on $124k initial cash invested.

-9.35%

Cash On Cash

4.15%

Cap Rate

0.69

DSCR

$4,268

Rent

-$967

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,268 income − $5,235 expenses = $967 out of pocket

Income$4,268Out of Pocket$967Mortgage P&I$2,54460%Property Taxes$93922%Insurance$2015%HOA$1002%Management$51212%CapEx$1714%Vacancy$1283%Maintenance$1714%Other$46911%

Investment Breakdown

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Purchase Price

$505k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$101k

Closing costs

1%

$5,052

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,268

Total Expenses

$5,235

Mortgage P&I

60%

$2,544

Property Taxes

22%

$939

Home Insurance

5%

$201

HOA

2%

$100

Property Management

12%

$512

CapEx

4%

$171

Vacancy

3%

$128

Maintenance

4%

$171

Other

11%

$469

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