REI Lense

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$2,368 (target)

2431 Postoak Ln, Groves, TX 77619

3 beds • 2 baths • 1954 sqft

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This property looks like a bad Long-Term investment with a projected -7.61% first-year return on $61,950 initial cash invested.

-7.61%

Cash On Cash

4.79%

Cap Rate

0.81

DSCR

$2,368

Rent

-$393

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,368 income − $2,761 expenses = $393 out of pocket

Income$2,368Out of Pocket$393Mortgage P&I$1,45361%Property Taxes$59025%Insurance$1034%Management$23710%CapEx$1185%Vacancy$1426%Maintenance$1185%

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,950

Downpayment

20%

$59,000

Closing costs

1%

$2,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,368

Total Expenses

$2,761

Mortgage P&I

61%

$1,453

Property Taxes

25%

$590

Home Insurance

4%

$103

HOA

0%

$0

Property Management

10%

$237

CapEx

5%

$118

Vacancy

6%

$142

Maintenance

5%

$118

Other

0%

$0

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