REI Lense

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$2,780 (target)

6926 Chessgate Falls Ln, Richmond, TX 77469

3 beds • 2 baths • 1373 sqft

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This property might be a fair Mid-Term investment with a projected 3.11% first-year return on $63,990 initial cash invested.

3.11%

Cash On Cash

7.98%

Cap Rate

1.23

DSCR

$2,780

Rent

$166

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,780 income − $2,614 expenses = $166 cash flow

Income$2,780Mortgage P&I$1,18042%Property Taxes$38114%Insurance$773%HOA$311%Management$33412%CapEx$1114%Vacancy$833%Maintenance$1114%Other$30611%Cash Flow$166

Investment Breakdown

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Purchase Price

$219k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,990

Downpayment

20%

$43,800

Closing costs

1%

$2,190

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,780

Total Expenses

$2,614

Mortgage P&I

42%

$1,180

Property Taxes

14%

$381

Home Insurance

3%

$77

HOA

1%

$31

Property Management

12%

$334

CapEx

4%

$111

Vacancy

3%

$83

Maintenance

4%

$111

Other

11%

$306

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