REI Lense

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$2,130 (target)

1005 Spokane River Rd, Montgomery, TX 77316

3 beds • 3 baths • 2083 sqft

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This property might be a fair Long-Term investment with a projected 1.24% first-year return on $57,960 initial cash invested.

1.24%

Cash On Cash

6.7%

Cap Rate

1.12

DSCR

$2,130

Rent

$60

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,130 income − $2,070 expenses = $60 cash flow

Income$2,130Mortgage P&I$1,37665%Property Taxes$241%Insurance$965%HOA$211%Management$21310%CapEx$1065%Vacancy$1286%Maintenance$1065%Cash Flow$60

Investment Breakdown

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Purchase Price

$276k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,960

Downpayment

20%

$55,200

Closing costs

1%

$2,760

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,130

Total Expenses

$2,070

Mortgage P&I

65%

$1,376

Property Taxes

1%

$24

Home Insurance

5%

$96

HOA

1%

$21

Property Management

10%

$213

CapEx

5%

$106

Vacancy

6%

$128

Maintenance

5%

$106

Other

0%

$0

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