REI Lense

REI Lense

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$2,471 (target)

901 Memory Ln, McKinney, TX 75072

3 beds • 2 baths • 1770 sqft

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This property looks like a bad Long-Term investment with a projected -17.72% first-year return on $87,108 initial cash invested.

-17.72%

Cash On Cash

3.3%

Cap Rate

0.5

DSCR

$2,471

Rent

-$1,286

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,471 income − $3,757 expenses = $1,286 out of pocket

Income$2,471Out of Pocket$1,286Mortgage P&I$2,30293%Property Taxes$60024%Insurance$1496%HOA$633%Management$24710%CapEx$1245%Vacancy$1486%Maintenance$1245%

Investment Breakdown

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Purchase Price

$415k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,108

Downpayment

20%

$82,960

Closing costs

1%

$4,148

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,471

Total Expenses

$3,757

Mortgage P&I

93%

$2,302

Property Taxes

24%

$600

Home Insurance

6%

$149

HOA

3%

$63

Property Management

10%

$247

CapEx

5%

$124

Vacancy

6%

$148

Maintenance

5%

$124

Other

0%

$0

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