REI Lense

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$2,290 (target)

103 County Road 370, Splendora, TX 77372

3 beds • 2 baths • 1456 sqft

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This property might be a fair Mid-Term investment with a projected 2.72% first-year return on $66,090 initial cash invested.

2.72%

Cash On Cash

7.6%

Cap Rate

1.2

DSCR

$2,290

Rent

$150

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,290 income − $2,140 expenses = $150 cash flow

Income$2,290Mortgage P&I$1,20953%Property Taxes$713%Insurance$803%Management$27512%CapEx$924%Vacancy$693%Maintenance$924%Other$25211%Cash Flow$150

Investment Breakdown

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Purchase Price

$229k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,090

Downpayment

20%

$45,800

Closing costs

1%

$2,290

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,290

Total Expenses

$2,140

Mortgage P&I

53%

$1,209

Property Taxes

3%

$71

Home Insurance

3%

$80

HOA

0%

$0

Property Management

12%

$275

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$252

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