REI Lense

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$2,944 (target)

912 Summer Hill Ln, Red Oak, TX 75154

3 beds • 3 baths • 2602 sqft

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This property looks like a bad Long-Term investment with a projected -11.66% first-year return on $91,728 initial cash invested.

-11.66%

Cash On Cash

4.04%

Cap Rate

0.66

DSCR

$2,944

Rent

-$891

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,944 income − $3,835 expenses = $891 out of pocket

Income$2,944Out of Pocket$891Mortgage P&I$2,21675%Property Taxes$68623%Insurance$1686%Management$29410%CapEx$1475%Vacancy$1776%Maintenance$1475%

Investment Breakdown

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Purchase Price

$437k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,728

Downpayment

20%

$87,360

Closing costs

1%

$4,368

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,944

Total Expenses

$3,835

Mortgage P&I

75%

$2,216

Property Taxes

23%

$686

Home Insurance

6%

$168

HOA

0%

$0

Property Management

10%

$294

CapEx

5%

$147

Vacancy

6%

$177

Maintenance

5%

$147

Other

0%

$0

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