REI Lense

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$2,508 (target)

8724 Fm 1649, Gilmer, TX 75645

3 beds • 2 baths • 1344 sqft

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This property looks like a bad Mid-Term investment with a projected -10.27% first-year return on $99,795 initial cash invested.

-10.27%

Cash On Cash

3.83%

Cap Rate

0.62

DSCR

$2,508

Rent

-$854

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,508 income − $3,362 expenses = $854 out of pocket

Income$2,508Out of Pocket$854Mortgage P&I$1,99780%Property Taxes$37715%Insurance$1365%Management$30112%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27611%

Investment Breakdown

|

Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,795

Downpayment

20%

$77,900

Closing costs

1%

$3,895

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,508

Total Expenses

$3,362

Mortgage P&I

80%

$1,997

Property Taxes

15%

$377

Home Insurance

5%

$136

HOA

0%

$0

Property Management

12%

$301

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$276

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