REI Lense

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$3,215 (target)

5825 Ocean Dr, Corpus Christi, TX 78412

3 beds • 3 baths • 2601 sqft

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This property looks like a bad Long-Term investment with a projected -12.15% first-year return on $106k initial cash invested.

-12.15%

Cash On Cash

4.03%

Cap Rate

0.65

DSCR

$3,215

Rent

-$1,070

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,215 income − $4,285 expenses = $1,070 out of pocket

Income$3,215Out of Pocket$1,070Mortgage P&I$2,59981%Property Taxes$61519%Insurance$1846%HOA$502%Management$32210%CapEx$1615%Vacancy$1936%Maintenance$1615%

Investment Breakdown

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Purchase Price

$503k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$101k

Closing costs

1%

$5,034

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,215

Total Expenses

$4,285

Mortgage P&I

81%

$2,599

Property Taxes

19%

$615

Home Insurance

6%

$184

HOA

2%

$50

Property Management

10%

$322

CapEx

5%

$161

Vacancy

6%

$193

Maintenance

5%

$161

Other

0%

$0

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