REI Lense

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$3,416 (target)

9760 Cherokee Trl, Quinlan, TX 75474

3 beds • 2 baths • 2595 sqft

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This property might be a fair Mid-Term investment with a projected 9.82% first-year return on $69,429 initial cash invested.

9.82%

Cash On Cash

9.92%

Cap Rate

1.53

DSCR

$3,416

Rent

$568

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,416 income − $2,848 expenses = $568 cash flow

Income$3,416Mortgage P&I$1,32039%Property Taxes$2748%Insurance$883%HOA$4Management$41012%CapEx$1374%Vacancy$1023%Maintenance$1374%Other$37611%Cash Flow$568

Investment Breakdown

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Purchase Price

$245k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,429

Downpayment

20%

$48,980

Closing costs

1%

$2,449

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,416

Total Expenses

$2,848

Mortgage P&I

39%

$1,320

Property Taxes

8%

$274

Home Insurance

3%

$88

HOA

0%

$4

Property Management

12%

$410

CapEx

4%

$137

Vacancy

3%

$102

Maintenance

4%

$137

Other

11%

$376

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