REI Lense

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$2,361 (target)

700 Butler Dr, Cleveland, TX 77328

3 beds • 2 baths • 1400 sqft

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This property might be a fair Mid-Term investment with a projected 0.37% first-year return on $67,413 initial cash invested.

0.37%

Cash On Cash

6.9%

Cap Rate

1.09

DSCR

$2,361

Rent

$21

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,361 income − $2,340 expenses = $21 cash flow

Income$2,361Mortgage P&I$1,23752%Property Taxes$23510%Insurance$663%Management$28312%CapEx$944%Vacancy$713%Maintenance$944%Other$26011%Cash Flow$21

Investment Breakdown

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Purchase Price

$235k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,413

Downpayment

20%

$47,060

Closing costs

1%

$2,353

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,361

Total Expenses

$2,340

Mortgage P&I

52%

$1,237

Property Taxes

10%

$235

Home Insurance

3%

$66

HOA

0%

$0

Property Management

12%

$283

CapEx

4%

$94

Vacancy

3%

$71

Maintenance

4%

$94

Other

11%

$260

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