REI Lense

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$3,621 (target)

3917 1st St, Galveston, TX 77554

3 beds • 2 baths • 1400 sqft

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This property looks like a bad Mid-Term investment with a projected -7.08% first-year return on $118k initial cash invested.

-7.08%

Cash On Cash

4.63%

Cap Rate

0.77

DSCR

$3,621

Rent

-$695

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,621 income − $4,316 expenses = $695 out of pocket

Income$3,621Out of Pocket$695Mortgage P&I$2,38466%Property Taxes$53415%Insurance$1665%Management$43512%CapEx$1454%Vacancy$1093%Maintenance$1454%Other$39811%

Investment Breakdown

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Purchase Price

$475k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$95,000

Closing costs

1%

$4,750

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,621

Total Expenses

$4,316

Mortgage P&I

66%

$2,384

Property Taxes

15%

$534

Home Insurance

5%

$166

HOA

0%

$0

Property Management

12%

$435

CapEx

4%

$145

Vacancy

3%

$109

Maintenance

4%

$145

Other

11%

$398

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