REI Lense

REI Lense

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$2,028 (target)

2131 Counter Point Dr, Houston, TX 77055

3 beds • 2 baths • 1227 sqft

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This property looks like a bad Long-Term investment with a projected -15.08% first-year return on $68,439 initial cash invested.

-15.08%

Cash On Cash

3.21%

Cap Rate

0.53

DSCR

$2,028

Rent

-$860

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,028 income − $2,888 expenses = $860 out of pocket

Income$2,028Out of Pocket$860Mortgage P&I$1,63280%Property Taxes$61130%Insurance$1186%Management$20310%CapEx$1015%Vacancy$1226%Maintenance$1015%

Investment Breakdown

|

Purchase Price

$326k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,439

Downpayment

20%

$65,180

Closing costs

1%

$3,259

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,028

Total Expenses

$2,888

Mortgage P&I

80%

$1,632

Property Taxes

30%

$611

Home Insurance

6%

$118

HOA

0%

$0

Property Management

10%

$203

CapEx

5%

$101

Vacancy

6%

$122

Maintenance

5%

$101

Other

0%

$0

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