REI Lense

REI Lense

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$2,736 (target)

963 Palm Ridge Dr, Crystal Beach, TX 77650

3 beds • 2 baths • 1280 sqft

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This property looks like a bad Long-Term investment with a projected -9.06% first-year return on $89,124 initial cash invested.

-9.06%

Cash On Cash

4.31%

Cap Rate

0.74

DSCR

$2,736

Rent

-$673

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,736 income − $3,409 expenses = $673 out of pocket

Income$2,736Out of Pocket$673Mortgage P&I$2,06275%Property Taxes$47918%Insurance$1566%Management$27410%CapEx$1375%Vacancy$1646%Maintenance$1375%

Investment Breakdown

|

Purchase Price

$424k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,124

Downpayment

20%

$84,880

Closing costs

1%

$4,244

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,736

Total Expenses

$3,409

Mortgage P&I

75%

$2,062

Property Taxes

18%

$479

Home Insurance

6%

$156

HOA

0%

$0

Property Management

10%

$274

CapEx

5%

$137

Vacancy

6%

$164

Maintenance

5%

$137

Other

0%

$0

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