REI Lense

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$3,564 (target)

2805 Coral Dr, Texas City, TX 77591

3 beds • 2 baths • 1797 sqft

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This property might be a fair Mid-Term investment with a projected 2.88% first-year return on $74,679 initial cash invested.

2.88%

Cash On Cash

7.4%

Cap Rate

1.24

DSCR

$3,564

Rent

$179

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,564 income − $3,385 expenses = $179 cash flow

Income$3,564Mortgage P&I$1,34338%Property Taxes$69720%Insurance$943%HOA$381%Management$42812%CapEx$1434%Vacancy$1073%Maintenance$1434%Other$39211%Cash Flow$179

Investment Breakdown

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Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,679

Downpayment

20%

$53,980

Closing costs

1%

$2,699

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,564

Total Expenses

$3,385

Mortgage P&I

38%

$1,343

Property Taxes

20%

$697

Home Insurance

3%

$94

HOA

1%

$38

Property Management

12%

$428

CapEx

4%

$143

Vacancy

3%

$107

Maintenance

4%

$143

Other

11%

$392

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