REI Lense

REI Lense

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$1,408 (target)

3080 Lee Turner Rd, Cleveland, TX 77328

3 beds • 3 baths • 2028 sqft

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This property looks like a bad Long-Term investment with a projected -24.22% first-year return on $126k initial cash invested.

-24.22%

Cash On Cash

1.13%

Cap Rate

0.19

DSCR

$1,408

Rent

-$2,543

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,408 income − $3,951 expenses = $2,543 out of pocket

Income$1,408Out of Pocket$2,543Mortgage P&I$3,037216%Property Taxes$33924%Insurance$21015%Management$14110%CapEx$705%Vacancy$846%Maintenance$705%

Investment Breakdown

|

Purchase Price

$600k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$120k

Closing costs

1%

$6,000

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,408

Total Expenses

$3,951

Mortgage P&I

216%

$3,037

Property Taxes

24%

$339

Home Insurance

15%

$210

HOA

0%

$0

Property Management

10%

$141

CapEx

5%

$70

Vacancy

6%

$84

Maintenance

5%

$70

Other

0%

$0

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