REI Lense

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$1,557 (target)

1534 3rd Ave N, Texas City, TX 77590

3 beds • 2 baths • 1038 sqft

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This property looks like a bad Long-Term investment with a projected -6.76% first-year return on $38,850 initial cash invested.

-6.76%

Cash On Cash

5.44%

Cap Rate

0.86

DSCR

$1,557

Rent

-$219

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,557 income − $1,776 expenses = $219 out of pocket

Income$1,557Out of Pocket$219Mortgage P&I$98063%Property Taxes$32621%Insurance$654%Management$15610%CapEx$785%Vacancy$936%Maintenance$785%

Investment Breakdown

|

Purchase Price

$185k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,850

Downpayment

20%

$37,000

Closing costs

1%

$1,850

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,557

Total Expenses

$1,776

Mortgage P&I

63%

$980

Property Taxes

21%

$326

Home Insurance

4%

$65

HOA

0%

$0

Property Management

10%

$156

CapEx

5%

$78

Vacancy

6%

$93

Maintenance

5%

$78

Other

0%

$0

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