REI Lense

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$3,358 (target)

7230 Highland Chase Dr, Richmond, TX 77407

3 beds • 2 baths • 1648 sqft

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This property looks like a bad Mid-Term investment with a projected -4.76% first-year return on $86,250 initial cash invested.

-4.76%

Cash On Cash

5.35%

Cap Rate

0.87

DSCR

$3,358

Rent

-$342

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,358 income − $3,700 expenses = $342 out of pocket

Income$3,358Out of Pocket$342Mortgage P&I$1,65849%Property Taxes$70821%Insurance$1143%HOA$792%Management$40312%CapEx$1344%Vacancy$1013%Maintenance$1344%Other$36911%

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,250

Downpayment

20%

$65,000

Closing costs

1%

$3,250

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,358

Total Expenses

$3,700

Mortgage P&I

49%

$1,658

Property Taxes

21%

$708

Home Insurance

3%

$114

HOA

2%

$79

Property Management

12%

$403

CapEx

4%

$134

Vacancy

3%

$101

Maintenance

4%

$134

Other

11%

$369

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