REI Lense

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$4,368 (target)

15830 Almeria Ave, Corpus Christi, TX 78418

3 beds • 2 baths • 1820 sqft

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This property might be a fair Mid-Term investment with a projected 4.44% first-year return on $109k initial cash invested.

4.44%

Cash On Cash

7.56%

Cap Rate

1.27

DSCR

$4,368

Rent

$405

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,368 income − $3,963 expenses = $405 cash flow

Income$4,368Mortgage P&I$2,16149%Property Taxes$1654%Insurance$1523%Management$52412%CapEx$1754%Vacancy$1313%Maintenance$1754%Other$48011%Cash Flow$405

Investment Breakdown

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Purchase Price

$435k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$87,000

Closing costs

1%

$4,350

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,368

Total Expenses

$3,963

Mortgage P&I

49%

$2,161

Property Taxes

4%

$165

Home Insurance

3%

$152

HOA

0%

$0

Property Management

12%

$524

CapEx

4%

$175

Vacancy

3%

$131

Maintenance

4%

$175

Other

11%

$480

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