REI Lense

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$4,030 (target)

24515 Avellino Ct, Richmond, TX 77406

3 beds • 2 baths • 1864 sqft

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This property looks like a bad Mid-Term investment with a projected -3.41% first-year return on $96,750 initial cash invested.

-3.41%

Cash On Cash

5.58%

Cap Rate

0.94

DSCR

$4,030

Rent

-$275

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,030 income − $4,305 expenses = $275 out of pocket

Income$4,030Out of Pocket$275Mortgage P&I$1,85946%Property Taxes$86421%Insurance$1313%HOA$812%Management$48412%CapEx$1614%Vacancy$1213%Maintenance$1614%Other$44311%

Investment Breakdown

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Purchase Price

$375k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,750

Downpayment

20%

$75,000

Closing costs

1%

$3,750

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,030

Total Expenses

$4,305

Mortgage P&I

46%

$1,859

Property Taxes

21%

$864

Home Insurance

3%

$131

HOA

2%

$81

Property Management

12%

$484

CapEx

4%

$161

Vacancy

3%

$121

Maintenance

4%

$161

Other

11%

$443

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