REI Lense

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$4,132 (target)

331 Redfish Dr #459K, Freeport, TX 77541

3 beds • 2 baths • 1512 sqft

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This property might be a fair Mid-Term investment with a projected 3.34% first-year return on $101k initial cash invested.

3.34%

Cash On Cash

7.33%

Cap Rate

1.23

DSCR

$4,132

Rent

$281

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,132 income − $3,851 expenses = $281 cash flow

Income$4,132Mortgage P&I$1,96848%Property Taxes$3408%Insurance$1383%Management$49612%CapEx$1654%Vacancy$1243%Maintenance$1654%Other$45511%Cash Flow$281

Investment Breakdown

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Purchase Price

$395k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$79,000

Closing costs

1%

$3,950

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,132

Total Expenses

$3,851

Mortgage P&I

48%

$1,968

Property Taxes

8%

$340

Home Insurance

3%

$138

HOA

0%

$0

Property Management

12%

$496

CapEx

4%

$165

Vacancy

3%

$124

Maintenance

4%

$165

Other

11%

$455

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