REI Lense

REI Lense

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$3,286 (target)

2324 3rd St, Orange, TX 77632

3 beds • 3 baths • 1562 sqft

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This property looks like a bad Mid-Term investment with a projected -6.21% first-year return on $99,690 initial cash invested.

-6.21%

Cash On Cash

5.21%

Cap Rate

0.81

DSCR

$3,286

Rent

-$516

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,286 income − $3,802 expenses = $516 out of pocket

Income$3,286Out of Pocket$516Mortgage P&I$2,07463%Property Taxes$47614%Insurance$1364%Management$39412%CapEx$1314%Vacancy$993%Maintenance$1314%Other$36111%

Investment Breakdown

|

Purchase Price

$389k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,690

Downpayment

20%

$77,800

Closing costs

1%

$3,890

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,286

Total Expenses

$3,802

Mortgage P&I

63%

$2,074

Property Taxes

14%

$476

Home Insurance

4%

$136

HOA

0%

$0

Property Management

12%

$394

CapEx

4%

$131

Vacancy

3%

$99

Maintenance

4%

$131

Other

11%

$361

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