REI Lense

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$2,227 (target)

505 Williamson Pl, Corpus Christi, TX 78411

3 beds • 2 baths • 1769 sqft

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This property might be a fair Long-Term investment with a projected 6.15% first-year return on $49,980 initial cash invested.

6.15%

Cash On Cash

8.15%

Cap Rate

1.29

DSCR

$2,227

Rent

$256

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,227 income − $1,971 expenses = $256 cash flow

Income$2,227Mortgage P&I$1,25056%Property Taxes$583%Insurance$844%Management$22310%CapEx$1115%Vacancy$1346%Maintenance$1115%Cash Flow$256

Investment Breakdown

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Purchase Price

$238k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,980

Downpayment

20%

$47,600

Closing costs

1%

$2,380

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,227

Total Expenses

$1,971

Mortgage P&I

56%

$1,250

Property Taxes

3%

$58

Home Insurance

4%

$84

HOA

0%

$0

Property Management

10%

$223

CapEx

5%

$111

Vacancy

6%

$134

Maintenance

5%

$111

Other

0%

$0

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