REI Lense

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$4,416 (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 Mid-Term investment with a projected -1.71% first-year return on $110k initial cash invested.

-1.71%

Cash On Cash

6.15%

Cap Rate

1.01

DSCR

$4,416

Rent

-$156

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,416 income − $4,572 expenses = $156 out of pocket

Income$4,416Out of Pocket$156Mortgage P&I$2,21650%Property Taxes$68616%Insurance$1684%Management$53012%CapEx$1774%Vacancy$1323%Maintenance$1774%Other$48611%

Investment Breakdown

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Purchase Price

$437k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,360

Closing costs

1%

$4,368

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,416

Total Expenses

$4,572

Mortgage P&I

50%

$2,216

Property Taxes

16%

$686

Home Insurance

4%

$168

HOA

0%

$0

Property Management

12%

$530

CapEx

4%

$177

Vacancy

3%

$132

Maintenance

4%

$177

Other

11%

$486

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