REI Lense

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$2,477 (target)

6273 Adams St, Groves, TX 77619

3 beds • 2 baths • 1652 sqft

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This property could be a profitable Long-Term investment with a projected 74.03% first-year return on $18,900 initial cash invested.

74.03%

Cash On Cash

23.69%

Cap Rate

3.65

DSCR

$2,477

Rent

$1,166

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,477 income − $1,311 expenses = $1,166 cash flow

Income$2,477Mortgage P&I$48720%Property Taxes$1476%Insurance$321%Management$24810%CapEx$1245%Vacancy$1496%Maintenance$1245%Cash Flow$1,166

Investment Breakdown

|

Purchase Price

$90,000

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$18,900

Downpayment

20%

$18,000

Closing costs

1%

$900

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,477

Total Expenses

$1,311

Mortgage P&I

20%

$487

Property Taxes

6%

$147

Home Insurance

1%

$32

HOA

0%

$0

Property Management

10%

$248

CapEx

5%

$124

Vacancy

6%

$149

Maintenance

5%

$124

Other

0%

$0

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