REI Lense

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$1,961 (target)

2519 Colonial Ridge Dr, Friendswood, TX 77546

3 beds • 2 baths • 1557 sqft

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This property looks like a bad Long-Term investment with a projected -9.38% first-year return on $53,193 initial cash invested.

-9.38%

Cash On Cash

4.76%

Cap Rate

0.76

DSCR

$1,961

Rent

-$416

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,961 income − $2,377 expenses = $416 out of pocket

Income$1,961Out of Pocket$416Mortgage P&I$1,32367%Property Taxes$44122%Insurance$905%HOA$131%Management$19610%CapEx$985%Vacancy$1186%Maintenance$985%

Investment Breakdown

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Purchase Price

$253k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,193

Downpayment

20%

$50,660

Closing costs

1%

$2,533

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,961

Total Expenses

$2,377

Mortgage P&I

67%

$1,323

Property Taxes

22%

$441

Home Insurance

5%

$90

HOA

1%

$13

Property Management

10%

$196

CapEx

5%

$98

Vacancy

6%

$118

Maintenance

5%

$98

Other

0%

$0

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