REI Lense

REI Lense

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$2,182 (target)

8576 W 23rd St, Odessa, TX 79763

3 beds • 2 baths • 2068 sqft

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This property looks like a bad Long-Term investment with a projected -7.53% first-year return on $73,500 initial cash invested.

-7.53%

Cash On Cash

4.73%

Cap Rate

0.8

DSCR

$2,182

Rent

-$461

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,182 income − $2,643 expenses = $461 out of pocket

Income$2,182Out of Pocket$461Mortgage P&I$1,73379%Property Taxes$22110%Insurance$1226%Management$21810%CapEx$1095%Vacancy$1316%Maintenance$1095%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,182

Total Expenses

$2,643

Mortgage P&I

79%

$1,733

Property Taxes

10%

$221

Home Insurance

6%

$122

HOA

0%

$0

Property Management

10%

$218

CapEx

5%

$109

Vacancy

6%

$131

Maintenance

5%

$109

Other

0%

$0

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