REI Lense

REI Lense

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$2,125 (target)

23027 Canal Rd, Richmond, TX 77406

3 beds • 3 baths • 1946 sqft

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This property looks like a bad Long-Term investment with a projected -11.37% first-year return on $65,100 initial cash invested.

-11.37%

Cash On Cash

4.1%

Cap Rate

0.67

DSCR

$2,125

Rent

-$617

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,125 income − $2,742 expenses = $617 out of pocket

Income$2,125Out of Pocket$617Mortgage P&I$1,56974%Property Taxes$46822%Insurance$1085%HOA$452%Management$21210%CapEx$1065%Vacancy$1286%Maintenance$1065%

Investment Breakdown

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Purchase Price

$310k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,100

Downpayment

20%

$62,000

Closing costs

1%

$3,100

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,125

Total Expenses

$2,742

Mortgage P&I

74%

$1,569

Property Taxes

22%

$468

Home Insurance

5%

$108

HOA

2%

$45

Property Management

10%

$212

CapEx

5%

$106

Vacancy

6%

$128

Maintenance

5%

$106

Other

0%

$0

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