REI Lense

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$3,706 (target)

901 Memory Ln, McKinney, TX 75072

3 beds • 2 baths • 1770 sqft

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This property looks like a bad Mid-Term investment with a projected -7.63% first-year return on $105k initial cash invested.

-7.63%

Cash On Cash

5.16%

Cap Rate

0.77

DSCR

$3,706

Rent

-$668

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,706 income − $4,374 expenses = $668 out of pocket

Income$3,706Out of Pocket$668Mortgage P&I$2,30262%Property Taxes$60016%Insurance$1494%HOA$632%Management$44512%CapEx$1484%Vacancy$1113%Maintenance$1484%Other$40811%

Investment Breakdown

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Purchase Price

$415k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$82,960

Closing costs

1%

$4,148

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,706

Total Expenses

$4,374

Mortgage P&I

62%

$2,302

Property Taxes

16%

$600

Home Insurance

4%

$149

HOA

2%

$63

Property Management

12%

$445

CapEx

4%

$148

Vacancy

3%

$111

Maintenance

4%

$148

Other

11%

$408

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