REI Lense

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$3,188 (target)

23027 Canal Rd, Richmond, TX 77406

3 beds • 3 baths • 1946 sqft

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This property looks like a bad Mid-Term investment with a projected -1.27% first-year return on $83,100 initial cash invested.

-1.27%

Cash On Cash

6.23%

Cap Rate

1.03

DSCR

$3,188

Rent

-$88

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,188 income − $3,276 expenses = $88 out of pocket

Income$3,188Out of Pocket$88Mortgage P&I$1,56949%Property Taxes$46815%Insurance$1083%HOA$451%Management$38312%CapEx$1284%Vacancy$963%Maintenance$1284%Other$35111%

Investment Breakdown

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Purchase Price

$310k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,100

Downpayment

20%

$62,000

Closing costs

1%

$3,100

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,188

Total Expenses

$3,276

Mortgage P&I

49%

$1,569

Property Taxes

15%

$468

Home Insurance

3%

$108

HOA

1%

$45

Property Management

12%

$383

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$351

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