REI Lense

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$2,924 (target)

2603 Grape Ln, Pasadena, TX 77502

3 beds • 2 baths • 2028 sqft

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This property looks like a bad Mid-Term investment with a projected -4.71% first-year return on $75,225 initial cash invested.

-4.71%

Cash On Cash

5.94%

Cap Rate

0.88

DSCR

$2,924

Rent

-$295

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,924 income − $3,219 expenses = $295 out of pocket

Income$2,924Out of Pocket$295Mortgage P&I$1,52752%Property Taxes$59920%Insurance$983%Management$35112%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32211%

Investment Breakdown

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Purchase Price

$273k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,225

Downpayment

20%

$54,500

Closing costs

1%

$2,725

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,924

Total Expenses

$3,219

Mortgage P&I

52%

$1,527

Property Taxes

20%

$599

Home Insurance

3%

$98

HOA

0%

$0

Property Management

12%

$351

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$322

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