REI Lense

REI Lense

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$2,197 (target)

209 Palm Aire Dr, Friendswood, TX 77546

3 beds • 2 baths • 1736 sqft

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This property looks like a bad Long-Term investment with a projected -7.93% first-year return on $61,404 initial cash invested.

-7.93%

Cash On Cash

4.74%

Cap Rate

0.8

DSCR

$2,197

Rent

-$406

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,197 income − $2,603 expenses = $406 out of pocket

Income$2,197Out of Pocket$406Mortgage P&I$1,45266%Property Taxes$45921%Insurance$1125%HOA$8Management$22010%CapEx$1105%Vacancy$1326%Maintenance$1105%

Investment Breakdown

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Purchase Price

$292k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,404

Downpayment

20%

$58,480

Closing costs

1%

$2,924

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,197

Total Expenses

$2,603

Mortgage P&I

66%

$1,452

Property Taxes

21%

$459

Home Insurance

5%

$112

HOA

0%

$8

Property Management

10%

$220

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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