REI Lense

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$1,750 (target)

303 W 3rd St, Rockport, TX 78382

3 beds • 2 baths • 1390 sqft

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This property could be a profitable Long-Term investment with a projected 16.24% first-year return on $30,450 initial cash invested.

16.24%

Cash On Cash

10.43%

Cap Rate

1.66

DSCR

$1,750

Rent

$412

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,750 income − $1,338 expenses = $412 cash flow

Income$1,750Mortgage P&I$76043%Property Taxes$714%Insurance$513%Management$17510%CapEx$885%Vacancy$1056%Maintenance$885%Cash Flow$412

Investment Breakdown

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Purchase Price

$145k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$30,450

Downpayment

20%

$29,000

Closing costs

1%

$1,450

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,750

Total Expenses

$1,338

Mortgage P&I

43%

$760

Property Taxes

4%

$71

Home Insurance

3%

$51

HOA

0%

$0

Property Management

10%

$175

CapEx

5%

$88

Vacancy

6%

$105

Maintenance

5%

$88

Other

0%

$0

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