REI Lense

REI Lense

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$2,461 (target)

23460 Smith Rd, Porter, TX 77365

3 beds • 2 baths • 2213 sqft

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This property looks like a bad Long-Term investment with a projected -15.45% first-year return on $104k initial cash invested.

-15.45%

Cash On Cash

3.07%

Cap Rate

0.51

DSCR

$2,461

Rent

-$1,338

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,461 income − $3,799 expenses = $1,338 out of pocket

Income$2,461Out of Pocket$1,338Mortgage P&I$2,483101%Property Taxes$50320%Insurance$1737%Management$24610%CapEx$1235%Vacancy$1486%Maintenance$1235%

Investment Breakdown

|

Purchase Price

$495k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$99,000

Closing costs

1%

$4,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,461

Total Expenses

$3,799

Mortgage P&I

101%

$2,483

Property Taxes

20%

$503

Home Insurance

7%

$173

HOA

0%

$0

Property Management

10%

$246

CapEx

5%

$123

Vacancy

6%

$148

Maintenance

5%

$123

Other

0%

$0

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