REI Lense

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$2,708 (target)

412 Land Grant Dr, Richmond, TX 77406

3 beds • 2 baths • 1859 sqft

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This property looks like a bad Mid-Term investment with a projected -2.76% first-year return on $72,957 initial cash invested.

-2.76%

Cash On Cash

5.7%

Cap Rate

0.95

DSCR

$2,708

Rent

-$168

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,708 income − $2,876 expenses = $168 out of pocket

Income$2,708Out of Pocket$168Mortgage P&I$1,30448%Property Taxes$50419%Insurance$1004%HOA$482%Management$32512%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29811%

Investment Breakdown

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Purchase Price

$262k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,957

Downpayment

20%

$52,340

Closing costs

1%

$2,617

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,708

Total Expenses

$2,876

Mortgage P&I

48%

$1,304

Property Taxes

19%

$504

Home Insurance

4%

$100

HOA

2%

$48

Property Management

12%

$325

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$298

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