REI Lense

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$4,702 (target)

9117 Lakepointe Ave, Rockwall, TX 75088

3 beds • 3 baths • 2152 sqft

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This property might be a fair Mid-Term investment with a projected 1.83% first-year return on $104k initial cash invested.

1.83%

Cash On Cash

7.42%

Cap Rate

1.16

DSCR

$4,702

Rent

$159

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,702 income − $4,543 expenses = $159 cash flow

Income$4,702Mortgage P&I$2,18646%Property Taxes$60613%Insurance$1493%HOA$4Management$56412%CapEx$1884%Vacancy$1413%Maintenance$1884%Other$51711%Cash Flow$159

Investment Breakdown

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Purchase Price

$410k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$81,900

Closing costs

1%

$4,095

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,702

Total Expenses

$4,543

Mortgage P&I

46%

$2,186

Property Taxes

13%

$606

Home Insurance

3%

$149

HOA

0%

$4

Property Management

12%

$564

CapEx

4%

$188

Vacancy

3%

$141

Maintenance

4%

$188

Other

11%

$517

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