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2929 Ocean Way, League City, TX 77573

3 beds • 2 baths • 1397 sqft

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This property might be a fair Mid-Term investment with a projected 7.39% first-year return on $69,030 initial cash invested.

7.39%

Cash On Cash

8.65%

Cap Rate

1.45

DSCR

$3,000

Rent

$425

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$243k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,030

Downpayment

20%

$48,600

Closing costs

1%

$2,430

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,000

Total Expenses

$2,575

Mortgage P&I

40%

$1,207

Property Taxes

9%

$263

Home Insurance

3%

$85

HOA

0%

$0

Property Management

12%

$360

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$330

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