REI Lense

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$3,438 (target)

302 Morningside Dr, League City, TX 77573

3 beds • 3 baths • 1631 sqft

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This property might be a fair Mid-Term investment with a projected 6.8% first-year return on $74,112 initial cash invested.

6.8%

Cash On Cash

8.53%

Cap Rate

1.42

DSCR

$3,438

Rent

$420

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,438 income − $3,018 expenses = $420 cash flow

Income$3,438Mortgage P&I$1,34239%Property Taxes$38811%Insurance$913%HOA$271%Management$41312%CapEx$1384%Vacancy$1033%Maintenance$1384%Other$37811%Cash Flow$420

Investment Breakdown

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Purchase Price

$267k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,112

Downpayment

20%

$53,440

Closing costs

1%

$2,672

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,438

Total Expenses

$3,018

Mortgage P&I

39%

$1,342

Property Taxes

11%

$388

Home Insurance

3%

$91

HOA

1%

$27

Property Management

12%

$413

CapEx

4%

$138

Vacancy

3%

$103

Maintenance

4%

$138

Other

11%

$378

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