REI Lense

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$1,875 (target)

2318 Luzius Dr, Corpus Christi, TX 78418

3 beds • 2 baths • 1551 sqft

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This property looks like a bad Long-Term investment with a projected -12.39% first-year return on $58,800 initial cash invested.

-12.39%

Cash On Cash

3.82%

Cap Rate

0.63

DSCR

$1,875

Rent

-$607

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,875 income − $2,482 expenses = $607 out of pocket

Income$1,875Out of Pocket$607Mortgage P&I$1,40575%Property Taxes$49126%Insurance$985%Management$18810%CapEx$945%Vacancy$1126%Maintenance$945%

Investment Breakdown

|

Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,800

Downpayment

20%

$56,000

Closing costs

1%

$2,800

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,875

Total Expenses

$2,482

Mortgage P&I

75%

$1,405

Property Taxes

26%

$491

Home Insurance

5%

$98

HOA

0%

$0

Property Management

10%

$188

CapEx

5%

$94

Vacancy

6%

$112

Maintenance

5%

$94

Other

0%

$0

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