REI Lense

REI Lense

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$2,211 (target)

1185 Colt Creek Ct, Alvin, TX 77511

3 beds • 2 baths • 2018 sqft

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This property looks like a bad Long-Term investment with a projected -7.8% first-year return on $62,790 initial cash invested.

-7.8%

Cash On Cash

4.8%

Cap Rate

0.8

DSCR

$2,211

Rent

-$408

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,211 income − $2,619 expenses = $408 out of pocket

Income$2,211Out of Pocket$408Mortgage P&I$1,49368%Property Taxes$41719%Insurance$1055%HOA$281%Management$22110%CapEx$1115%Vacancy$1336%Maintenance$1115%

Investment Breakdown

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Purchase Price

$299k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,790

Downpayment

20%

$59,800

Closing costs

1%

$2,990

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,211

Total Expenses

$2,619

Mortgage P&I

68%

$1,493

Property Taxes

19%

$417

Home Insurance

5%

$105

HOA

1%

$28

Property Management

10%

$221

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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