REI Lense

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$5,277 (target)

311 Shiraz Dr, Alvin, TX 77511

3 beds • 2 baths • 2280 sqft

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This property might be a fair Mid-Term investment with a projected 2.26% first-year return on $102k initial cash invested.

2.26%

Cash On Cash

7.89%

Cap Rate

1.18

DSCR

$5,277

Rent

$192

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,277 income − $5,085 expenses = $192 cash flow

Income$5,277Mortgage P&I$2,22142%Property Taxes$88917%Insurance$1403%HOA$421%Management$63312%CapEx$2114%Vacancy$1583%Maintenance$2114%Other$58011%Cash Flow$192

Investment Breakdown

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Purchase Price

$399k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,800

Closing costs

1%

$3,990

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$5,277

Total Expenses

$5,085

Mortgage P&I

42%

$2,221

Property Taxes

17%

$889

Home Insurance

3%

$140

HOA

1%

$42

Property Management

12%

$633

CapEx

4%

$211

Vacancy

3%

$158

Maintenance

4%

$211

Other

11%

$580

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