REI Lense

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$4,260 (target)

409 Champions Dr, Rockport, TX 78382

3 beds • 3 baths • 2193 sqft

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This property might be a fair Mid-Term investment with a projected 0.84% first-year return on $120k initial cash invested.

0.84%

Cash On Cash

6.62%

Cap Rate

1.11

DSCR

$4,260

Rent

$84

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,260 income − $4,176 expenses = $84 cash flow

Income$4,260Mortgage P&I$2,41957%Property Taxes$1223%Insurance$1704%HOA$17Management$51112%CapEx$1704%Vacancy$1283%Maintenance$1704%Other$46911%Cash Flow$84

Investment Breakdown

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Purchase Price

$485k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$96,900

Closing costs

1%

$4,845

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,260

Total Expenses

$4,176

Mortgage P&I

57%

$2,419

Property Taxes

3%

$122

Home Insurance

4%

$170

HOA

0%

$17

Property Management

12%

$511

CapEx

4%

$170

Vacancy

3%

$128

Maintenance

4%

$170

Other

11%

$469

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