REI Lense

REI Lense

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$2,385 (target)

5055 Road 3540, Cleveland, TX 77327

3 beds • 2 baths • sqft

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This property might be a fair Mid-Term investment with a projected 3.97% first-year return on $67,182 initial cash invested.

3.97%

Cash On Cash

7.85%

Cap Rate

1.26

DSCR

$2,385

Rent

$222

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,385 income − $2,163 expenses = $222 cash flow

Income$2,385Mortgage P&I$1,21651%Property Taxes$753%Insurance$522%HOA$10Management$28612%CapEx$954%Vacancy$723%Maintenance$954%Other$26211%Cash Flow$222

Investment Breakdown

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Purchase Price

$234k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,182

Downpayment

20%

$46,840

Closing costs

1%

$2,342

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,385

Total Expenses

$2,163

Mortgage P&I

51%

$1,216

Property Taxes

3%

$75

Home Insurance

2%

$52

HOA

0%

$10

Property Management

12%

$286

CapEx

4%

$95

Vacancy

3%

$72

Maintenance

4%

$95

Other

11%

$262

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