REI Lense

REI Lense

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$4,168 (target)

1809 Driftwood Ln, Galveston, TX 77551

3 beds • 2 baths • 2482 sqft

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This property might be a fair Mid-Term investment with a projected 4.64% first-year return on $91,290 initial cash invested.

4.64%

Cash On Cash

7.79%

Cap Rate

1.3

DSCR

$4,168

Rent

$353

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$349k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,290

Downpayment

20%

$69,800

Closing costs

1%

$3,490

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,168

Total Expenses

$3,815

Mortgage P&I

42%

$1,745

Property Taxes

13%

$531

Home Insurance

3%

$122

HOA

0%

$0

Property Management

12%

$500

CapEx

4%

$167

Vacancy

3%

$125

Maintenance

4%

$167

Other

11%

$458

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