REI Lense

REI Lense

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$2,494 (target)

2815 Ball St, Galveston, TX 77550

3 beds • 3 baths • 1824 sqft

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This property looks like a bad Long-Term investment with a projected -10.85% first-year return on $80,850 initial cash invested.

-10.85%

Cash On Cash

4.69%

Cap Rate

0.71

DSCR

$2,494

Rent

-$731

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,494 income − $3,225 expenses = $731 out of pocket

Income$2,494Out of Pocket$731Mortgage P&I$2,11185%Property Taxes$33013%Insurance$1355%Management$24910%CapEx$1255%Vacancy$1506%Maintenance$1255%

Investment Breakdown

|

Purchase Price

$385k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,850

Downpayment

20%

$77,000

Closing costs

1%

$3,850

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,494

Total Expenses

$3,225

Mortgage P&I

85%

$2,111

Property Taxes

13%

$330

Home Insurance

5%

$135

HOA

0%

$0

Property Management

10%

$249

CapEx

5%

$125

Vacancy

6%

$150

Maintenance

5%

$125

Other

0%

$0

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