REI Lense

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$2,112 (target)

3080 Lee Turner Rd, Cleveland, TX 77328

3 beds • 3 baths • 2028 sqft

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This property looks like a bad Mid-Term investment with a projected -18.25% first-year return on $144k initial cash invested.

-18.25%

Cash On Cash

1.86%

Cap Rate

0.31

DSCR

$2,112

Rent

-$2,190

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,112 income − $4,302 expenses = $2,190 out of pocket

Income$2,112Out of Pocket$2,190Mortgage P&I$3,037144%Property Taxes$33916%Insurance$21010%Management$25312%CapEx$844%Vacancy$633%Maintenance$844%Other$23211%

Investment Breakdown

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Purchase Price

$600k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$144k

Downpayment

20%

$120k

Closing costs

1%

$6,000

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,112

Total Expenses

$4,302

Mortgage P&I

144%

$3,037

Property Taxes

16%

$339

Home Insurance

10%

$210

HOA

0%

$0

Property Management

12%

$253

CapEx

4%

$84

Vacancy

3%

$63

Maintenance

4%

$84

Other

11%

$232

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