REI Lense

REI Lense

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$1,450 (target)

2324 14th Ave N, Texas City, TX 77590

3 beds • 2 baths • 1073 sqft

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This property might be a fair Long-Term investment with a projected 3.37% first-year return on $27,090 initial cash invested.

3.37%

Cash On Cash

7.57%

Cap Rate

1.22

DSCR

$1,450

Rent

$76

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,450 income − $1,374 expenses = $76 cash flow

Income$1,450Mortgage P&I$66646%Property Taxes$28720%Insurance$453%Management$14510%CapEx$725%Vacancy$876%Maintenance$725%Cash Flow$76

Investment Breakdown

|

Purchase Price

$129k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$27,090

Downpayment

20%

$25,800

Closing costs

1%

$1,290

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,450

Total Expenses

$1,374

Mortgage P&I

46%

$666

Property Taxes

20%

$287

Home Insurance

3%

$45

HOA

0%

$0

Property Management

10%

$145

CapEx

5%

$72

Vacancy

6%

$87

Maintenance

5%

$72

Other

0%

$0

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