REI Lense

REI Lense

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$2,271 (target)

3915 1st St, Galveston, TX 77554

3 beds • 2 baths • 1040 sqft

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This property looks like a bad Long-Term investment with a projected -10.06% first-year return on $66,675 initial cash invested.

-10.06%

Cash On Cash

4.27%

Cap Rate

0.72

DSCR

$2,271

Rent

-$559

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,271 income − $2,830 expenses = $559 out of pocket

Income$2,271Out of Pocket$559Mortgage P&I$1,57569%Property Taxes$48221%Insurance$1828%Management$22710%CapEx$1145%Vacancy$1366%Maintenance$1145%

Investment Breakdown

|

Purchase Price

$318k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,675

Downpayment

20%

$63,500

Closing costs

1%

$3,175

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,271

Total Expenses

$2,830

Mortgage P&I

69%

$1,575

Property Taxes

21%

$482

Home Insurance

8%

$182

HOA

0%

$0

Property Management

10%

$227

CapEx

5%

$114

Vacancy

6%

$136

Maintenance

5%

$114

Other

0%

$0

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