REI Lense

REI Lense

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$3,002 (target)

304 Cherry Ct, La Porte, TX 77571

3 beds • 2 baths • 1451 sqft

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This property looks like a bad Mid-Term investment with a projected -0.3% first-year return on $72,894 initial cash invested.

-0.3%

Cash On Cash

6.86%

Cap Rate

1.07

DSCR

$3,002

Rent

-$18

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,002 income − $3,020 expenses = $18 out of pocket

Income$3,002Out of Pocket$18Mortgage P&I$1,39246%Property Taxes$50217%Insurance$933%HOA$13Management$36012%CapEx$1204%Vacancy$903%Maintenance$1204%Other$33011%

Investment Breakdown

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Purchase Price

$261k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,894

Downpayment

20%

$52,280

Closing costs

1%

$2,614

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,002

Total Expenses

$3,020

Mortgage P&I

46%

$1,392

Property Taxes

17%

$502

Home Insurance

3%

$93

HOA

0%

$13

Property Management

12%

$360

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$330

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