REI Lense

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$3,308 (target)

2331 Wren Meadow Rd, Richmond, TX 77406

3 beds • 2 baths • 2154 sqft

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This property might be a fair Mid-Term investment with a projected 4.31% first-year return on $74,280 initial cash invested.

4.31%

Cash On Cash

7.68%

Cap Rate

1.3

DSCR

$3,308

Rent

$267

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,308 income − $3,041 expenses = $267 cash flow

Income$3,308Mortgage P&I$1,31640%Property Taxes$48915%Insurance$963%HOA$16Management$39712%CapEx$1324%Vacancy$993%Maintenance$1324%Other$36411%Cash Flow$267

Investment Breakdown

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Purchase Price

$268k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,280

Downpayment

20%

$53,600

Closing costs

1%

$2,680

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,308

Total Expenses

$3,041

Mortgage P&I

40%

$1,316

Property Taxes

15%

$489

Home Insurance

3%

$96

HOA

0%

$16

Property Management

12%

$397

CapEx

4%

$132

Vacancy

3%

$99

Maintenance

4%

$132

Other

11%

$364

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