REI Lense

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$4,107 (target)

206 Melody Ln, Friendswood, TX 77546

3 beds • 3 baths • 2672 sqft

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This property looks like a bad Long-Term investment with a projected -10.89% first-year return on $131k initial cash invested.

-10.89%

Cash On Cash

4.03%

Cap Rate

0.68

DSCR

$4,107

Rent

-$1,187

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,107 income − $5,294 expenses = $1,187 out of pocket

Income$4,107Out of Pocket$1,187Mortgage P&I$3,07675%Property Taxes$92322%Insurance$2286%Management$41110%CapEx$2055%Vacancy$2466%Maintenance$2055%

Investment Breakdown

|

Purchase Price

$623k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$131k

Downpayment

20%

$125k

Closing costs

1%

$6,230

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,107

Total Expenses

$5,294

Mortgage P&I

75%

$3,076

Property Taxes

22%

$923

Home Insurance

6%

$228

HOA

0%

$0

Property Management

10%

$411

CapEx

5%

$205

Vacancy

6%

$246

Maintenance

5%

$205

Other

0%

$0

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