REI Lense

REI Lense

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$2,708 (target)

3919 2nd St, Galveston, TX 77554

3 beds • 4 baths • 1640 sqft

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This property looks like a bad Long-Term investment with a projected -10.21% first-year return on $68,880 initial cash invested.

-10.21%

Cash On Cash

4.34%

Cap Rate

0.72

DSCR

$2,708

Rent

-$586

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,708 income − $3,294 expenses = $586 out of pocket

Income$2,708Out of Pocket$586Mortgage P&I$1,63860%Property Taxes$83831%Insurance$1154%Management$27110%CapEx$1355%Vacancy$1626%Maintenance$1355%

Investment Breakdown

|

Purchase Price

$328k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,880

Downpayment

20%

$65,600

Closing costs

1%

$3,280

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,708

Total Expenses

$3,294

Mortgage P&I

60%

$1,638

Property Taxes

31%

$838

Home Insurance

4%

$115

HOA

0%

$0

Property Management

10%

$271

CapEx

5%

$135

Vacancy

6%

$162

Maintenance

5%

$135

Other

0%

$0

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