REI Lense

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$3,144 (target)

6907 Fm 2403 Rd, Alvin, TX 77511

3 beds • 3 baths • 2133 sqft

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This property looks like a bad Long-Term investment with a projected -16.16% first-year return on $142k initial cash invested.

-16.16%

Cash On Cash

2.79%

Cap Rate

0.47

DSCR

$3,144

Rent

-$1,909

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,144 income − $5,053 expenses = $1,909 out of pocket

Income$3,144Out of Pocket$1,909Mortgage P&I$3,319106%Property Taxes$68122%Insurance$2368%Management$31410%CapEx$1575%Vacancy$1896%Maintenance$1575%

Investment Breakdown

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Purchase Price

$675k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$142k

Downpayment

20%

$135k

Closing costs

1%

$6,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,144

Total Expenses

$5,053

Mortgage P&I

106%

$3,319

Property Taxes

22%

$681

Home Insurance

8%

$236

HOA

0%

$0

Property Management

10%

$314

CapEx

5%

$157

Vacancy

6%

$189

Maintenance

5%

$157

Other

0%

$0

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