REI Lense

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$3,303 (target)

3435 Michelle Ave, Vidor, TX 77662

3 beds • 2 baths • 1835 sqft

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This property might be a fair Mid-Term investment with a projected 9.44% first-year return on $69,177 initial cash invested.

9.44%

Cash On Cash

9.72%

Cap Rate

1.52

DSCR

$3,303

Rent

$544

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,303 income − $2,759 expenses = $544 cash flow

Income$3,303Mortgage P&I$1,29839%Property Taxes$2417%Insurance$983%Management$39612%CapEx$1324%Vacancy$993%Maintenance$1324%Other$36311%Cash Flow$544

Investment Breakdown

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Purchase Price

$244k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,177

Downpayment

20%

$48,740

Closing costs

1%

$2,437

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,303

Total Expenses

$2,759

Mortgage P&I

39%

$1,298

Property Taxes

7%

$241

Home Insurance

3%

$98

HOA

0%

$0

Property Management

12%

$396

CapEx

4%

$132

Vacancy

3%

$99

Maintenance

4%

$132

Other

11%

$363

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