REI Lense

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$2,253 (target)

4212 Highway 35 S #22, Rockport, TX 78382

2 beds • 2 baths • 800 sqft

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This property might be a fair Mid-Term investment with a projected 5.86% first-year return on $54,252 initial cash invested.

5.86%

Cash On Cash

8.34%

Cap Rate

1.34

DSCR

$2,253

Rent

$265

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,253 income − $1,988 expenses = $265 cash flow

Income$2,253Mortgage P&I$1,04346%Property Taxes$1798%Management$27012%CapEx$904%Vacancy$683%Maintenance$904%Other$24811%Cash Flow$265

Investment Breakdown

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Purchase Price

$201k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,252

Downpayment

20%

$40,240

Closing costs

1%

$2,012

Rehab

0%

$0

Furnishing

6%

$12,000

Cashflow

Total Income

$2,253

Total Expenses

$1,988

Mortgage P&I

46%

$1,043

Property Taxes

8%

$179

Home Insurance

0%

$0

HOA

0%

$0

Property Management

12%

$270

CapEx

4%

$90

Vacancy

3%

$68

Maintenance

4%

$90

Other

11%

$248

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