REI Lense

REI Lense

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$4,488 (target)

22322 Vista Del Mar, Galveston, TX 77554

3 beds • 2 baths • 1498 sqft

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This property looks like a bad Mid-Term investment with a projected -5.82% first-year return on $118k initial cash invested.

-5.82%

Cash On Cash

5.28%

Cap Rate

0.84

DSCR

$4,488

Rent

-$571

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,488 income − $5,059 expenses = $571 out of pocket

Income$4,488Out of Pocket$571Mortgage P&I$2,48055%Property Taxes$85519%Insurance$1664%HOA$301%Management$53912%CapEx$1804%Vacancy$1353%Maintenance$1804%Other$49411%

Investment Breakdown

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Purchase Price

$475k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$95,000

Closing costs

1%

$4,750

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,488

Total Expenses

$5,059

Mortgage P&I

55%

$2,480

Property Taxes

19%

$855

Home Insurance

4%

$166

HOA

1%

$30

Property Management

12%

$539

CapEx

4%

$180

Vacancy

3%

$135

Maintenance

4%

$180

Other

11%

$494

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