REI Lense

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$3,300 (target)

8806 Explorer Dr, Texas City, TX 77591

3 beds • 2 baths • 1824 sqft

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This property looks like a bad Mid-Term investment with a projected -3.52% first-year return on $82,050 initial cash invested.

-3.52%

Cash On Cash

5.61%

Cap Rate

0.93

DSCR

$3,300

Rent

-$241

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,300 income − $3,541 expenses = $241 out of pocket

Income$3,300Out of Pocket$241Mortgage P&I$1,53446%Property Taxes$72822%Insurance$1073%HOA$502%Management$39612%CapEx$1324%Vacancy$993%Maintenance$1324%Other$36311%

Investment Breakdown

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Purchase Price

$305k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,050

Downpayment

20%

$61,000

Closing costs

1%

$3,050

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,300

Total Expenses

$3,541

Mortgage P&I

46%

$1,534

Property Taxes

22%

$728

Home Insurance

3%

$107

HOA

2%

$50

Property Management

12%

$396

CapEx

4%

$132

Vacancy

3%

$99

Maintenance

4%

$132

Other

11%

$363

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