REI Lense

REI Lense

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$1,377 (target)

249 Lakeshore Dr, Cleveland, TX 77327

3 beds • 4 baths • 2982 sqft

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This property looks like a bad Long-Term investment with a projected -11.54% first-year return on $65,100 initial cash invested.

-11.54%

Cash On Cash

3.74%

Cap Rate

0.63

DSCR

$1,377

Rent

-$626

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,377 income − $2,003 expenses = $626 out of pocket

Income$1,377Out of Pocket$626Mortgage P&I$1,522111%Property Taxes$91%Insurance$1088%HOA$5Management$13810%CapEx$695%Vacancy$836%Maintenance$695%

Investment Breakdown

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Purchase Price

$310k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,100

Downpayment

20%

$62,000

Closing costs

1%

$3,100

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,377

Total Expenses

$2,003

Mortgage P&I

111%

$1,522

Property Taxes

1%

$9

Home Insurance

8%

$108

HOA

0%

$5

Property Management

10%

$138

CapEx

5%

$69

Vacancy

6%

$83

Maintenance

5%

$69

Other

0%

$0

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