REI Lense

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$2,014 (target)

305 Castlelake Dr, Friendswood, TX 77546

3 beds • 2 baths • 1405 sqft

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This property looks like a bad Long-Term investment with a projected -7.79% first-year return on $60,879 initial cash invested.

-7.79%

Cash On Cash

4.91%

Cap Rate

0.8

DSCR

$2,014

Rent

-$395

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,014 income − $2,409 expenses = $395 out of pocket

Income$2,014Out of Pocket$395Mortgage P&I$1,48073%Property Taxes$29515%Insurance$1025%HOA$8Management$20110%CapEx$1015%Vacancy$1216%Maintenance$1015%

Investment Breakdown

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Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,879

Downpayment

20%

$57,980

Closing costs

1%

$2,899

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,014

Total Expenses

$2,409

Mortgage P&I

73%

$1,480

Property Taxes

15%

$295

Home Insurance

5%

$102

HOA

0%

$8

Property Management

10%

$201

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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