REI Lense

REI Lense

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$2,691 (target)

4606 Avenue N 1/2, Galveston, TX 77551

3 beds • 2 baths • 2359 sqft

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This property looks like a bad Long-Term investment with a projected -16.5% first-year return on $108k initial cash invested.

-16.5%

Cash On Cash

2.84%

Cap Rate

0.47

DSCR

$2,691

Rent

-$1,487

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,691 income − $4,178 expenses = $1,487 out of pocket

Income$2,691Out of Pocket$1,487Mortgage P&I$2,57096%Property Taxes$72827%Insurance$1807%Management$26910%CapEx$1355%Vacancy$1616%Maintenance$1355%

Investment Breakdown

|

Purchase Price

$515k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$103k

Closing costs

1%

$5,150

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,691

Total Expenses

$4,178

Mortgage P&I

96%

$2,570

Property Taxes

27%

$728

Home Insurance

7%

$180

HOA

0%

$0

Property Management

10%

$269

CapEx

5%

$135

Vacancy

6%

$161

Maintenance

5%

$135

Other

0%

$0

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