REI Lense

REI Lense

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$3,872 (target)

21216 Gulf Dr, Galveston, TX 77554

3 beds • 2 baths • 1040 sqft

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This property looks like a bad Mid-Term investment with a projected -8.75% first-year return on $119k initial cash invested.

-8.75%

Cash On Cash

4.22%

Cap Rate

0.7

DSCR

$3,872

Rent

-$865

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

$119k

Downpayment

20%

$95,800

Closing costs

1%

$4,790

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,872

Total Expenses

$4,737

Mortgage P&I

62%

$2,395

Property Taxes

21%

$817

Home Insurance

4%

$168

HOA

1%

$40

Property Management

12%

$465

CapEx

4%

$155

Vacancy

3%

$116

Maintenance

4%

$155

Other

11%

$426

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