REI Lense

REI Lense

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$3,120 (target)

1801 Mulberry Dr, Richmond, TX 77469

3 beds • 3 baths • 2238 sqft

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This property looks like a bad Mid-Term investment with a projected -0.14% first-year return on $76,800 initial cash invested.

-0.14%

Cash On Cash

6.89%

Cap Rate

1.08

DSCR

$3,120

Rent

-$9

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,120 income − $3,129 expenses = $9 out of pocket

Income$3,120Out of Pocket$9Mortgage P&I$1,49148%Property Taxes$47915%Insurance$983%Management$37412%CapEx$1254%Vacancy$943%Maintenance$1254%Other$34311%

Investment Breakdown

|

Purchase Price

$280k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,800

Downpayment

20%

$56,000

Closing costs

1%

$2,800

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,120

Total Expenses

$3,129

Mortgage P&I

48%

$1,491

Property Taxes

15%

$479

Home Insurance

3%

$98

HOA

0%

$0

Property Management

12%

$374

CapEx

4%

$125

Vacancy

3%

$94

Maintenance

4%

$125

Other

11%

$343

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