REI Lense

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$2,066 (target)

249 Lakeshore Dr, Cleveland, TX 77327

3 beds • 4 baths • 2982 sqft

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This property looks like a bad Mid-Term investment with a projected -4.06% first-year return on $83,100 initial cash invested.

-4.06%

Cash On Cash

5.13%

Cap Rate

0.87

DSCR

$2,066

Rent

-$281

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,066 income − $2,347 expenses = $281 out of pocket

Income$2,066Out of Pocket$281Mortgage P&I$1,52274%Property Taxes$9Insurance$1085%HOA$5Management$24812%CapEx$834%Vacancy$623%Maintenance$834%Other$22711%

Investment Breakdown

|

Purchase Price

$310k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,100

Downpayment

20%

$62,000

Closing costs

1%

$3,100

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,066

Total Expenses

$2,347

Mortgage P&I

74%

$1,522

Property Taxes

0%

$9

Home Insurance

5%

$108

HOA

0%

$5

Property Management

12%

$248

CapEx

4%

$83

Vacancy

3%

$62

Maintenance

4%

$83

Other

11%

$227

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