REI Lense

REI Lense

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$1,637 (target)

1509 Lawrence Ave, Pasadena, TX 77506

3 beds • 2 baths • 1260 sqft

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This property looks like a bad Long-Term investment with a projected -12.3% first-year return on $45,276 initial cash invested.

-12.3%

Cash On Cash

4.34%

Cap Rate

0.67

DSCR

$1,637

Rent

-$464

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,637 income − $2,101 expenses = $464 out of pocket

Income$1,637Out of Pocket$464Mortgage P&I$1,16171%Property Taxes$43727%Insurance$775%Management$16410%CapEx$825%Vacancy$986%Maintenance$825%

Investment Breakdown

|

Purchase Price

$216k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,276

Downpayment

20%

$43,120

Closing costs

1%

$2,156

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,637

Total Expenses

$2,101

Mortgage P&I

71%

$1,161

Property Taxes

27%

$437

Home Insurance

5%

$77

HOA

0%

$0

Property Management

10%

$164

CapEx

5%

$82

Vacancy

6%

$98

Maintenance

5%

$82

Other

0%

$0

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