REI Lense

REI Lense

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$2,410 (target)

605 S Heather Ln, Friendswood, TX 77546

3 beds • 2 baths • 1601 sqft

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This property looks like a bad Long-Term investment with a projected -6.04% first-year return on $67,200 initial cash invested.

-6.04%

Cash On Cash

5.16%

Cap Rate

0.86

DSCR

$2,410

Rent

-$338

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,410 income − $2,748 expenses = $338 out of pocket

Income$2,410Out of Pocket$338Mortgage P&I$1,59366%Property Taxes$41717%Insurance$1125%Management$24110%CapEx$1205%Vacancy$1456%Maintenance$1205%

Investment Breakdown

|

Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,200

Downpayment

20%

$64,000

Closing costs

1%

$3,200

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,410

Total Expenses

$2,748

Mortgage P&I

66%

$1,593

Property Taxes

17%

$417

Home Insurance

5%

$112

HOA

0%

$0

Property Management

10%

$241

CapEx

5%

$120

Vacancy

6%

$145

Maintenance

5%

$120

Other

0%

$0

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