REI Lense

REI Lense

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$2,493 (target)

2017 County Road 3550, Cleveland, TX 77327

3 beds • 2 baths • 1673 sqft

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This property looks like a bad Mid-Term investment with a projected -0.47% first-year return on $68,379 initial cash invested.

-0.47%

Cash On Cash

6.65%

Cap Rate

1.06

DSCR

$2,493

Rent

-$27

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,493 income − $2,520 expenses = $27 out of pocket

Income$2,493Out of Pocket$27Mortgage P&I$1,25650%Property Taxes$32213%Insurance$843%HOA$10Management$29912%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27411%

Investment Breakdown

|

Purchase Price

$240k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,379

Downpayment

20%

$47,980

Closing costs

1%

$2,399

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,493

Total Expenses

$2,520

Mortgage P&I

50%

$1,256

Property Taxes

13%

$322

Home Insurance

3%

$84

HOA

0%

$10

Property Management

12%

$299

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$274

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