REI Lense

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$1,949 (target)

2603 Grape Ln, Pasadena, TX 77502

3 beds • 2 baths • 2028 sqft

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This property looks like a bad Long-Term investment with a projected -16.38% first-year return on $57,225 initial cash invested.

-16.38%

Cash On Cash

3.71%

Cap Rate

0.55

DSCR

$1,949

Rent

-$781

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,949 income − $2,730 expenses = $781 out of pocket

Income$1,949Out of Pocket$781Mortgage P&I$1,52778%Property Taxes$59931%Insurance$985%Management$19510%CapEx$975%Vacancy$1176%Maintenance$975%

Investment Breakdown

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Purchase Price

$273k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,225

Downpayment

20%

$54,500

Closing costs

1%

$2,725

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,949

Total Expenses

$2,730

Mortgage P&I

78%

$1,527

Property Taxes

31%

$599

Home Insurance

5%

$98

HOA

0%

$0

Property Management

10%

$195

CapEx

5%

$97

Vacancy

6%

$117

Maintenance

5%

$97

Other

0%

$0

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