REI Lense

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$1,780 (target)

129 Ling St, Rockport, TX 78382

3 beds • 4 baths • 512 sqft

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This property looks like a bad Long-Term investment with a projected -9.02% first-year return on $62,790 initial cash invested.

-9.02%

Cash On Cash

4.87%

Cap Rate

0.76

DSCR

$1,780

Rent

-$472

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,780 income − $2,252 expenses = $472 out of pocket

Income$1,780Out of Pocket$472Mortgage P&I$1,59690%Property Taxes$885%Insurance$1056%Management$17810%CapEx$895%Vacancy$1076%Maintenance$895%

Investment Breakdown

|

Purchase Price

$299k

Downpayment

20.0%

Interest Rate

7.0%

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

$1,780

Total Expenses

$2,252

Mortgage P&I

90%

$1,596

Property Taxes

5%

$88

Home Insurance

6%

$105

HOA

0%

$0

Property Management

10%

$178

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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