REI Lense

REI Lense

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$2,687 (target)

24515 Avellino Ct, Richmond, TX 77406

3 beds • 2 baths • 1864 sqft

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This property looks like a bad Long-Term investment with a projected -14.42% first-year return on $78,750 initial cash invested.

-14.42%

Cash On Cash

3.35%

Cap Rate

0.56

DSCR

$2,687

Rent

-$946

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,687 income − $3,633 expenses = $946 out of pocket

Income$2,687Out of Pocket$946Mortgage P&I$1,85969%Property Taxes$86432%Insurance$1315%HOA$813%Management$26910%CapEx$1345%Vacancy$1616%Maintenance$1345%

Investment Breakdown

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Purchase Price

$375k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,750

Downpayment

20%

$75,000

Closing costs

1%

$3,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,687

Total Expenses

$3,633

Mortgage P&I

69%

$1,859

Property Taxes

32%

$864

Home Insurance

5%

$131

HOA

3%

$81

Property Management

10%

$269

CapEx

5%

$134

Vacancy

6%

$161

Maintenance

5%

$134

Other

0%

$0

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