REI Lense

REI Lense

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$1,997 (target)

2402 Colonial Ridge Dr, Friendswood, TX 77546

3 beds • 2 baths • 1557 sqft

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This property looks like a bad Long-Term investment with a projected -12.01% first-year return on $59,850 initial cash invested.

-12.01%

Cash On Cash

4.56%

Cap Rate

0.68

DSCR

$1,997

Rent

-$599

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,997 income − $2,596 expenses = $599 out of pocket

Income$1,997Out of Pocket$599Mortgage P&I$1,58379%Property Taxes$37519%Insurance$1005%HOA$181%Management$20010%CapEx$1005%Vacancy$1206%Maintenance$1005%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,850

Downpayment

20%

$57,000

Closing costs

1%

$2,850

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,997

Total Expenses

$2,596

Mortgage P&I

79%

$1,583

Property Taxes

19%

$375

Home Insurance

5%

$100

HOA

1%

$18

Property Management

10%

$200

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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