REI Lense

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$2,481 (target)

1278 Fm 2610 Rd, Cleveland, TX 77327

3 beds • 3 baths • 2575 sqft

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This property looks like a bad Mid-Term investment with a projected -17.98% first-year return on $155k initial cash invested.

-17.98%

Cash On Cash

1.88%

Cap Rate

0.32

DSCR

$2,481

Rent

-$2,315

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,481 income − $4,796 expenses = $2,315 out of pocket

Income$2,481Out of Pocket$2,315Mortgage P&I$3,237130%Property Taxes$48820%Insurance$2289%Management$29812%CapEx$994%Vacancy$743%Maintenance$994%Other$27311%

Investment Breakdown

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Purchase Price

$650k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$155k

Downpayment

20%

$130k

Closing costs

1%

$6,500

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,481

Total Expenses

$4,796

Mortgage P&I

130%

$3,237

Property Taxes

20%

$488

Home Insurance

9%

$228

HOA

0%

$0

Property Management

12%

$298

CapEx

4%

$99

Vacancy

3%

$74

Maintenance

4%

$99

Other

11%

$273

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