REI Lense

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$2,106 (target)

16603 Lighthouse View Dr, Friendswood, TX 77546

3 beds • 2 baths • 1555 sqft

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This property looks like a bad Long-Term investment with a projected -9.44% first-year return on $60,375 initial cash invested.

-9.44%

Cash On Cash

4.41%

Cap Rate

0.74

DSCR

$2,106

Rent

-$475

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,106 income − $2,581 expenses = $475 out of pocket

Income$2,106Out of Pocket$475Mortgage P&I$1,42668%Property Taxes$47322%Insurance$1015%HOA$342%Management$21110%CapEx$1055%Vacancy$1266%Maintenance$1055%

Investment Breakdown

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Purchase Price

$288k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,375

Downpayment

20%

$57,500

Closing costs

1%

$2,875

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,106

Total Expenses

$2,581

Mortgage P&I

68%

$1,426

Property Taxes

22%

$473

Home Insurance

5%

$101

HOA

2%

$34

Property Management

10%

$211

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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