REI Lense

REI Lense

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$2,013 (target)

3413 Cherry Ln, Bay City, TX 77414

3 beds • 2 baths • 1928 sqft

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This property might be a fair Long-Term investment with a projected 0.35% first-year return on $37,779 initial cash invested.

0.35%

Cash On Cash

7.02%

Cap Rate

1.12

DSCR

$2,013

Rent

$11

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,013 income − $2,002 expenses = $11 cash flow

Income$2,013Mortgage P&I$94047%Property Taxes$47524%Insurance$633%Management$20110%CapEx$1015%Vacancy$1216%Maintenance$1015%Cash Flow$11

Investment Breakdown

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Purchase Price

$180k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$37,779

Downpayment

20%

$35,980

Closing costs

1%

$1,799

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,013

Total Expenses

$2,002

Mortgage P&I

47%

$940

Property Taxes

24%

$475

Home Insurance

3%

$63

HOA

0%

$0

Property Management

10%

$201

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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