REI Lense

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$3,428 (target)

4002 Glenwood Dr, Richmond, TX 77406

3 beds • 2 baths • 2289 sqft

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This property looks like a bad Mid-Term investment with a projected -18.48% first-year return on $176k initial cash invested.

-18.48%

Cash On Cash

1.84%

Cap Rate

0.31

DSCR

$3,428

Rent

-$2,702

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,428 income − $6,130 expenses = $2,702 out of pocket

Income$3,428Out of Pocket$2,702Mortgage P&I$3,717108%Property Taxes$91127%Insurance$2628%HOA$752%Management$41112%CapEx$1374%Vacancy$1033%Maintenance$1374%Other$37711%

Investment Breakdown

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Purchase Price

$750k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$176k

Downpayment

20%

$150k

Closing costs

1%

$7,500

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,428

Total Expenses

$6,130

Mortgage P&I

108%

$3,717

Property Taxes

27%

$911

Home Insurance

8%

$262

HOA

2%

$75

Property Management

12%

$411

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$377

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