REI Lense

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$2,224 (target)

253 N Shanks St, Clute, TX 77531

3 beds • 2 baths • 1294 sqft

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This property might be a fair Mid-Term investment with a projected 0.36% first-year return on $59,223 initial cash invested.

0.36%

Cash On Cash

7.01%

Cap Rate

1.1

DSCR

$2,224

Rent

$18

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,224 income − $2,206 expenses = $18 cash flow

Income$2,224Mortgage P&I$1,04047%Property Taxes$33915%Insurance$703%Management$26712%CapEx$894%Vacancy$673%Maintenance$894%Other$24511%Cash Flow$18

Investment Breakdown

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Purchase Price

$196k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,223

Downpayment

20%

$39,260

Closing costs

1%

$1,963

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,224

Total Expenses

$2,206

Mortgage P&I

47%

$1,040

Property Taxes

15%

$339

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$267

CapEx

4%

$89

Vacancy

3%

$67

Maintenance

4%

$89

Other

11%

$245

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