REI Lense

REI Lense

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$3,128 (target)

514 contour, Spring Branch, TX 78070

3 beds • 2 baths • 2044 sqft

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This property might be a fair Long-Term investment with a projected 3.65% first-year return on $75,600 initial cash invested.

3.65%

Cash On Cash

7.3%

Cap Rate

1.21

DSCR

$3,128

Rent

$230

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,128 income − $2,898 expenses = $230 cash flow

Income$3,128Mortgage P&I$1,80458%Property Taxes$1505%Insurance$1264%HOA$5Management$31310%CapEx$1565%Vacancy$1886%Maintenance$1565%Cash Flow$230

Investment Breakdown

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Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,600

Downpayment

20%

$72,000

Closing costs

1%

$3,600

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,128

Total Expenses

$2,898

Mortgage P&I

58%

$1,804

Property Taxes

5%

$150

Home Insurance

4%

$126

HOA

0%

$5

Property Management

10%

$313

CapEx

5%

$156

Vacancy

6%

$188

Maintenance

5%

$156

Other

0%

$0

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