REI Lense

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$2,353 (target)

1218 Fort Velasco Dr, Surfside Beach, TX 77541

3 beds • 2 baths • 1152 sqft

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This property looks like a bad Long-Term investment with a projected -11.23% first-year return on $73,490 initial cash invested.

-11.23%

Cash On Cash

4.31%

Cap Rate

0.69

DSCR

$2,353

Rent

-$688

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,353 income − $3,041 expenses = $688 out of pocket

Income$2,353Out of Pocket$688Mortgage P&I$1,82778%Property Taxes$48020%Insurance$1225%Management$23510%CapEx$1185%Vacancy$1416%Maintenance$1185%

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,490

Downpayment

20%

$69,990

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,353

Total Expenses

$3,041

Mortgage P&I

78%

$1,827

Property Taxes

20%

$480

Home Insurance

5%

$122

HOA

0%

$0

Property Management

10%

$235

CapEx

5%

$118

Vacancy

6%

$141

Maintenance

5%

$118

Other

0%

$0

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