REI Lense

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$3,422 (target)

10231 Ivyridge Rd, Houston, TX 77043

3 beds • 2 baths • 1622 sqft

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This property looks like a bad Mid-Term investment with a projected -7.44% first-year return on $106k initial cash invested.

-7.44%

Cash On Cash

4.6%

Cap Rate

0.76

DSCR

$3,422

Rent

-$657

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,422 income − $4,079 expenses = $657 out of pocket

Income$3,422Out of Pocket$657Mortgage P&I$2,12662%Property Taxes$64219%Insurance$1474%Management$41112%CapEx$1374%Vacancy$1033%Maintenance$1374%Other$37611%

Investment Breakdown

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Purchase Price

$419k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$83,800

Closing costs

1%

$4,190

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,422

Total Expenses

$4,079

Mortgage P&I

62%

$2,126

Property Taxes

19%

$642

Home Insurance

4%

$147

HOA

0%

$0

Property Management

12%

$411

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$376

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