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$2,817 (target)

2211 Riverview Dr, Richmond, TX 77469

3 beds • 3 baths • 1656 sqft

$1,050,000

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This property looks like a bad Mid-Term investment with a projected -19.64% first-year return on $239k initial cash invested.

-19.64%

Cash On Cash

1.81%

Cap Rate

0.29

DSCR

$2,817

Rent

-$3,904

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,817 income − $6,721 expenses = $3,904 out of pocket

Income$2,817Out of Pocket$3,904Mortgage P&I$5,371191%Property Taxes$231%Insurance$36813%Management$33812%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31011%

Investment Breakdown

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Purchase Price

$1050k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$239k

Downpayment

20%

$210k

Closing costs

1%

$10,500

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$2,817

Total Expenses

$6,721

Mortgage P&I

191%

$5,371

Property Taxes

1%

$23

Home Insurance

13%

$368

HOA

0%

$0

Property Management

12%

$338

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$310

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