REI Lense

REI Lense

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$2,609 (target)

622 Fernglade Dr, Richmond, TX 77406

3 beds • 2 baths • 2330 sqft

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This property looks like a bad Long-Term investment with a projected -14.98% first-year return on $84,861 initial cash invested.

-14.98%

Cash On Cash

3.55%

Cap Rate

0.56

DSCR

$2,609

Rent

-$1,059

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,609 income − $3,668 expenses = $1,059 out of pocket

Income$2,609Out of Pocket$1,059Mortgage P&I$2,12681%Property Taxes$69627%Insurance$1456%HOA$231%Management$26110%CapEx$1305%Vacancy$1576%Maintenance$1305%

Investment Breakdown

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Purchase Price

$404k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,861

Downpayment

20%

$80,820

Closing costs

1%

$4,041

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,609

Total Expenses

$3,668

Mortgage P&I

81%

$2,126

Property Taxes

27%

$696

Home Insurance

6%

$145

HOA

1%

$23

Property Management

10%

$261

CapEx

5%

$130

Vacancy

6%

$157

Maintenance

5%

$130

Other

0%

$0

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