REI Lense

REI Lense

203 Nimbus Ct, Lockhart, TX 78644

3 beds • 2 baths • 1569 sqft

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This property looks like a bad Airbnb investment with a projected -8.43% first-year return on $64,620 initial cash invested.

-8.43%

Cash On Cash

4.32%

Cap Rate

0.68

DSCR

$2,069

Rent

-$454

Cashflow

Cash Flow

$2,069 income − $2,523 expenses = $454 out of pocket

Income$2,069Out ofPocket$454P&I$1,17057%Taxes$24612%Insurance$784%HOA$362%Mgmt$31015%CapEx$834%Maint.$834%Other$51725%

Investment Breakdown

|

Purchase Price

$222k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,620

Downpayment

20%

$44,400

Closing costs

1%

$2,220

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,069

Total Expenses

$2,523

Mortgage P&I

57%

$1,170

Property Taxes

12%

$246

Home Insurance

4%

$78

HOA

2%

$36

Property Management

15%

$310

CapEx

4%

$83

Vacancy

0%

$0

Maintenance

4%

$83

Other

25%

$517

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Comparable Property

Rent

ADR

Beds

Baths

Distance

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2

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3

2

0.53 mi

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$2,056

$218

3

2

2.31 mi

Projection Charts

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