REI Lense

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$3,140 (target)

1921 Melody Ln, Richmond, TX 77406

3 beds • 2 baths • 1652 sqft

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This property might be a fair Mid-Term investment with a projected 6.61% first-year return on $70,290 initial cash invested.

6.61%

Cash On Cash

8.78%

Cap Rate

1.39

DSCR

$3,140

Rent

$387

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,140 income − $2,753 expenses = $387 cash flow

Income$3,140Mortgage P&I$1,30842%Property Taxes$2909%Insurance$873%Management$37712%CapEx$1264%Vacancy$943%Maintenance$1264%Other$34511%Cash Flow$387

Investment Breakdown

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Purchase Price

$249k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,290

Downpayment

20%

$49,800

Closing costs

1%

$2,490

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,140

Total Expenses

$2,753

Mortgage P&I

42%

$1,308

Property Taxes

9%

$290

Home Insurance

3%

$87

HOA

0%

$0

Property Management

12%

$377

CapEx

4%

$126

Vacancy

3%

$94

Maintenance

4%

$126

Other

11%

$345

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