REI Lense

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$1,883 (target)

12418 Lovie Ln, Conroe, TX 77302

3 beds • 2 baths • 1629 sqft

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This property looks like a bad Long-Term investment with a projected -14.71% first-year return on $65,583 initial cash invested.

-14.71%

Cash On Cash

3.59%

Cap Rate

0.57

DSCR

$1,883

Rent

-$804

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,883 income − $2,687 expenses = $804 out of pocket

Income$1,883Out of Pocket$804Mortgage P&I$1,64587%Property Taxes$42723%Insurance$1116%HOA$151%Management$18810%CapEx$945%Vacancy$1136%Maintenance$945%

Investment Breakdown

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Purchase Price

$312k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,583

Downpayment

20%

$62,460

Closing costs

1%

$3,123

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,883

Total Expenses

$2,687

Mortgage P&I

87%

$1,645

Property Taxes

23%

$427

Home Insurance

6%

$111

HOA

1%

$15

Property Management

10%

$188

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

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