REI Lense

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$3,188 (target)

123 Carriage Ct, Magnolia, TX 77354

3 beds • 3 baths • 2253 sqft

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This property looks like a bad Mid-Term investment with a projected -3.44% first-year return on $84,843 initial cash invested.

-3.44%

Cash On Cash

6.23%

Cap Rate

0.93

DSCR

$3,188

Rent

-$243

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,188 income − $3,431 expenses = $243 out of pocket

Income$3,188Out of Pocket$243Mortgage P&I$1,76755%Property Taxes$40013%Insurance$1455%HOA$331%Management$38312%CapEx$1284%Vacancy$963%Maintenance$1284%Other$35111%

Investment Breakdown

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Purchase Price

$318k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,843

Downpayment

20%

$63,660

Closing costs

1%

$3,183

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,188

Total Expenses

$3,431

Mortgage P&I

55%

$1,767

Property Taxes

13%

$400

Home Insurance

5%

$145

HOA

1%

$33

Property Management

12%

$383

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$351

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