REI Lense

REI Lense

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$2,535 (target)

1824 Lazy Creek Ln, Pearland, TX 77581

3 beds • 2 baths • 1898 sqft

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This property looks like a bad Long-Term investment with a projected -7.49% first-year return on $68,250 initial cash invested.

-7.49%

Cash On Cash

4.93%

Cap Rate

0.82

DSCR

$2,535

Rent

-$426

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,535 income − $2,961 expenses = $426 out of pocket

Income$2,535Out of Pocket$426Mortgage P&I$1,63564%Property Taxes$55222%Insurance$1144%Management$25410%CapEx$1275%Vacancy$1526%Maintenance$1275%

Investment Breakdown

|

Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,250

Downpayment

20%

$65,000

Closing costs

1%

$3,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,535

Total Expenses

$2,961

Mortgage P&I

65%

$1,635

Property Taxes

22%

$552

Home Insurance

5%

$114

HOA

0%

$0

Property Management

10%

$254

CapEx

5%

$127

Vacancy

6%

$152

Maintenance

5%

$127

Other

0%

$0

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