REI Lense

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$3,716 (target)

6273 Adams St, Groves, TX 77619

3 beds • 2 baths • 1652 sqft

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This property could be a profitable Mid-Term investment with a projected 58.08% first-year return on $36,900 initial cash invested.

58.08%

Cash On Cash

32.29%

Cap Rate

4.97

DSCR

$3,716

Rent

$1,786

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,716 income − $1,930 expenses = $1,786 cash flow

Income$3,716Mortgage P&I$48713%Property Taxes$1474%Insurance$321%Management$44612%CapEx$1494%Vacancy$1113%Maintenance$1494%Other$40911%Cash Flow$1,786

Investment Breakdown

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Purchase Price

$90,000

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$36,900

Downpayment

20%

$18,000

Closing costs

1%

$900

Rehab

0%

$0

Furnishing

20%

$18,000

Cashflow

Total Income

$3,716

Total Expenses

$1,930

Mortgage P&I

13%

$487

Property Taxes

4%

$147

Home Insurance

1%

$32

HOA

0%

$0

Property Management

12%

$446

CapEx

4%

$149

Vacancy

3%

$111

Maintenance

4%

$149

Other

11%

$409

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