REI Lense

REI Lense

$2,219 (target)

1215 Esther St, Kemah, TX 77565

3 beds • 2 baths • 1346 sqft

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This property might be a fair Long-Term investment with a projected 0.64% first-year return on $47,208 initial cash invested.

0.64%

Cash On Cash

7.19%

Cap Rate

1.11

DSCR

$2,219

Rent

$25

Cashflow

Cash Flow

$2,219 income − $2,194 expenses = $25 cash flow

Income$2,219P&I$1,21155%Taxes$32615%Insurance$804%Mgmt$22210%CapEx$1115%Vacancy$1336%Maint.$1115%Cash Flow$25

Investment Breakdown

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Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,208

Downpayment

20%

$44,960

Closing costs

1%

$2,248

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,219

Total Expenses

$2,194

Mortgage P&I

55%

$1,211

Property Taxes

15%

$326

Home Insurance

4%

$80

HOA

0%

$0

Property Management

10%

$222

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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