REI Lense

REI Lense

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$2,205 (target)

2331 Wren Meadow Rd, Richmond, TX 77406

3 beds • 2 baths • 2154 sqft

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This property looks like a bad Long-Term investment with a projected -6.06% first-year return on $56,280 initial cash invested.

-6.06%

Cash On Cash

5.11%

Cap Rate

0.87

DSCR

$2,205

Rent

-$284

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,205 income − $2,489 expenses = $284 out of pocket

Income$2,205Out of Pocket$284Mortgage P&I$1,31660%Property Taxes$48922%Insurance$964%HOA$161%Management$22010%CapEx$1105%Vacancy$1326%Maintenance$1105%

Investment Breakdown

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Purchase Price

$268k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,280

Downpayment

20%

$53,600

Closing costs

1%

$2,680

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,205

Total Expenses

$2,489

Mortgage P&I

60%

$1,316

Property Taxes

22%

$489

Home Insurance

4%

$96

HOA

1%

$16

Property Management

10%

$220

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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