REI Lense

REI Lense

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$1,692 (target)

1904 Bay Ave, Rockport, TX 78382

3 beds • 2 baths • 1056 sqft

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This property looks like a bad Long-Term investment with a projected -16.95% first-year return on $64,701 initial cash invested.

-16.95%

Cash On Cash

3.16%

Cap Rate

0.49

DSCR

$1,692

Rent

-$914

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,692 income − $2,606 expenses = $914 out of pocket

Income$1,692Out of Pocket$914Mortgage P&I$1,64097%Property Taxes$41124%Insurance$1147%Management$16910%CapEx$855%Vacancy$1026%Maintenance$855%

Investment Breakdown

|

Purchase Price

$308k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,701

Downpayment

20%

$61,620

Closing costs

1%

$3,081

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,692

Total Expenses

$2,606

Mortgage P&I

97%

$1,640

Property Taxes

24%

$411

Home Insurance

7%

$114

HOA

0%

$0

Property Management

10%

$169

CapEx

5%

$85

Vacancy

6%

$102

Maintenance

5%

$85

Other

0%

$0

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