REI Lense

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$2,324 (target)

8911 Lamar Ave, Odessa, TX 79765

3 beds • 2 baths • 1710 sqft

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This property looks like a bad Long-Term investment with a projected -0.86% first-year return on $59,850 initial cash invested.

-0.86%

Cash On Cash

6.44%

Cap Rate

1.05

DSCR

$2,324

Rent

-$43

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,324 income − $2,367 expenses = $43 out of pocket

Income$2,324Out of Pocket$43Mortgage P&I$1,45663%Property Taxes$2089%Insurance$1004%Management$23210%CapEx$1165%Vacancy$1396%Maintenance$1165%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,850

Downpayment

20%

$57,000

Closing costs

1%

$2,850

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,324

Total Expenses

$2,367

Mortgage P&I

63%

$1,456

Property Taxes

9%

$208

Home Insurance

4%

$100

HOA

0%

$0

Property Management

10%

$232

CapEx

5%

$116

Vacancy

6%

$139

Maintenance

5%

$116

Other

0%

$0

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