REI Lense

REI Lense

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$2,769 (target)

23 Melbourne Ct, Montgomery, TX 77356

3 beds • 3 baths • 2523 sqft

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This property looks like a bad Long-Term investment with a projected -9.55% first-year return on $85,722 initial cash invested.

-9.55%

Cash On Cash

4.35%

Cap Rate

0.73

DSCR

$2,769

Rent

-$682

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,769 income − $3,451 expenses = $682 out of pocket

Income$2,769Out of Pocket$682Mortgage P&I$2,02573%Property Taxes$53219%Insurance$1756%Management$27710%CapEx$1385%Vacancy$1666%Maintenance$1385%

Investment Breakdown

|

Purchase Price

$408k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,722

Downpayment

20%

$81,640

Closing costs

1%

$4,082

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,769

Total Expenses

$3,451

Mortgage P&I

73%

$2,025

Property Taxes

19%

$532

Home Insurance

6%

$175

HOA

0%

$0

Property Management

10%

$277

CapEx

5%

$138

Vacancy

6%

$166

Maintenance

5%

$138

Other

0%

$0

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