REI Lense

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$3,135 (target)

9117 Lakepointe Ave, Rockwall, TX 75088

3 beds • 3 baths • 2152 sqft

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This property looks like a bad Long-Term investment with a projected -8.74% first-year return on $85,995 initial cash invested.

-8.74%

Cash On Cash

5.03%

Cap Rate

0.79

DSCR

$3,135

Rent

-$626

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,135 income − $3,761 expenses = $626 out of pocket

Income$3,135Out of Pocket$626Mortgage P&I$2,18670%Property Taxes$60619%Insurance$1495%HOA$4Management$31410%CapEx$1575%Vacancy$1886%Maintenance$1575%

Investment Breakdown

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Purchase Price

$410k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,995

Downpayment

20%

$81,900

Closing costs

1%

$4,095

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,135

Total Expenses

$3,761

Mortgage P&I

70%

$2,186

Property Taxes

19%

$606

Home Insurance

5%

$149

HOA

0%

$4

Property Management

10%

$314

CapEx

5%

$157

Vacancy

6%

$188

Maintenance

5%

$157

Other

0%

$0

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