REI Lense

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$3,021 (target)

305 Castlelake Dr, Friendswood, TX 77546

3 beds • 2 baths • 1405 sqft

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This property might be a fair Mid-Term investment with a projected 1.64% first-year return on $78,879 initial cash invested.

1.64%

Cash On Cash

7.07%

Cap Rate

1.15

DSCR

$3,021

Rent

$108

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,021 income − $2,913 expenses = $108 cash flow

Income$3,021Mortgage P&I$1,48049%Property Taxes$29510%Insurance$1023%HOA$8Management$36312%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33211%Cash Flow$108

Investment Breakdown

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Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,879

Downpayment

20%

$57,980

Closing costs

1%

$2,899

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,021

Total Expenses

$2,913

Mortgage P&I

49%

$1,480

Property Taxes

10%

$295

Home Insurance

3%

$102

HOA

0%

$8

Property Management

12%

$363

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$332

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