REI Lense

REI Lense

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$2,538 (target)

1904 Bay Ave, Rockport, TX 78382

3 beds • 2 baths • 1056 sqft

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This property looks like a bad Mid-Term investment with a projected -7.12% first-year return on $82,701 initial cash invested.

-7.12%

Cash On Cash

4.87%

Cap Rate

0.76

DSCR

$2,538

Rent

-$491

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,538 income − $3,029 expenses = $491 out of pocket

Income$2,538Out of Pocket$491Mortgage P&I$1,64065%Property Taxes$41116%Insurance$1144%Management$30512%CapEx$1024%Vacancy$763%Maintenance$1024%Other$27911%

Investment Breakdown

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Purchase Price

$308k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,701

Downpayment

20%

$61,620

Closing costs

1%

$3,081

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,538

Total Expenses

$3,029

Mortgage P&I

65%

$1,640

Property Taxes

16%

$411

Home Insurance

4%

$114

HOA

0%

$0

Property Management

12%

$305

CapEx

4%

$102

Vacancy

3%

$76

Maintenance

4%

$102

Other

11%

$279

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