REI Lense

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$2,637 (target)

743 Road 5109, Cleveland, TX 77327

3 beds • 2 baths • 1338 sqft

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This property might be a fair Mid-Term investment with a projected 3.71% first-year return on $62,100 initial cash invested.

3.71%

Cash On Cash

7.89%

Cap Rate

1.27

DSCR

$2,637

Rent

$192

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,637 income − $2,445 expenses = $192 cash flow

Income$2,637Mortgage P&I$1,08441%Property Taxes$38214%Insurance$743%HOA$10Management$31612%CapEx$1054%Vacancy$793%Maintenance$1054%Other$29011%Cash Flow$192

Investment Breakdown

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Purchase Price

$210k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,100

Downpayment

20%

$42,000

Closing costs

1%

$2,100

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,637

Total Expenses

$2,445

Mortgage P&I

41%

$1,084

Property Taxes

14%

$382

Home Insurance

3%

$74

HOA

0%

$10

Property Management

12%

$316

CapEx

4%

$105

Vacancy

3%

$79

Maintenance

4%

$105

Other

11%

$290

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