REI Lense

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$3,180 (target)

2219 Riveroaks Dr, West Columbia, TX 77486

3 beds • 2 baths • 1770 sqft

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This property might be a fair Mid-Term investment with a projected 3.57% first-year return on $73,923 initial cash invested.

3.57%

Cash On Cash

7.95%

Cap Rate

1.24

DSCR

$3,180

Rent

$220

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,180 income − $2,960 expenses = $220 cash flow

Income$3,180Mortgage P&I$1,41745%Property Taxes$31610%Insurance$963%HOA$502%Management$38212%CapEx$1274%Vacancy$953%Maintenance$1274%Other$35011%Cash Flow$220

Investment Breakdown

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Purchase Price

$266k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,923

Downpayment

20%

$53,260

Closing costs

1%

$2,663

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,180

Total Expenses

$2,960

Mortgage P&I

45%

$1,417

Property Taxes

10%

$316

Home Insurance

3%

$96

HOA

2%

$50

Property Management

12%

$382

CapEx

4%

$127

Vacancy

3%

$95

Maintenance

4%

$127

Other

11%

$350

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