REI Lense

REI Lense

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$2,950 (target)

512 Castlelake Dr, Friendswood, TX 77546

3 beds • 2 baths • 1236 sqft

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This property might be a fair Long-Term investment with a projected 8.39% first-year return on $55,650 initial cash invested.

8.39%

Cash On Cash

8.5%

Cap Rate

1.4

DSCR

$2,950

Rent

$389

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,950 income − $2,561 expenses = $389 cash flow

Income$2,950Mortgage P&I$1,34045%Property Taxes$35212%Insurance$933%HOA$8Management$29510%CapEx$1485%Vacancy$1776%Maintenance$1485%Cash Flow$389

Investment Breakdown

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Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,650

Downpayment

20%

$53,000

Closing costs

1%

$2,650

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,950

Total Expenses

$2,561

Mortgage P&I

45%

$1,340

Property Taxes

12%

$352

Home Insurance

3%

$93

HOA

0%

$8

Property Management

10%

$295

CapEx

5%

$148

Vacancy

6%

$177

Maintenance

5%

$148

Other

0%

$0

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