REI Lense

REI Lense

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$2,581 (target)

21216 Gulf Dr, Galveston, TX 77554

3 beds • 2 baths • 1040 sqft

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This property looks like a bad Long-Term investment with a projected -18.01% first-year return on $101k initial cash invested.

-18.01%

Cash On Cash

2.54%

Cap Rate

0.42

DSCR

$2,581

Rent

-$1,510

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$479k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$95,800

Closing costs

1%

$4,790

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,581

Total Expenses

$4,091

Mortgage P&I

93%

$2,395

Property Taxes

32%

$817

Home Insurance

7%

$168

HOA

2%

$40

Property Management

10%

$258

CapEx

5%

$129

Vacancy

6%

$155

Maintenance

5%

$129

Other

0%

$0

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