REI Lense

REI Lense

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$1,701 (target)

13579 Bay Springs Dr, Conroe, TX 77303

3 beds • 2 baths • 1273 sqft

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This property looks like a bad Long-Term investment with a projected -1.86% first-year return on $45,780 initial cash invested.

-1.86%

Cash On Cash

6.23%

Cap Rate

1.01

DSCR

$1,701

Rent

-$71

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,701 income − $1,772 expenses = $71 out of pocket

Income$1,701Out of Pocket$71Mortgage P&I$1,11866%Property Taxes$825%Insurance$764%HOA$543%Management$17010%CapEx$855%Vacancy$1026%Maintenance$855%

Investment Breakdown

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Purchase Price

$218k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,780

Downpayment

20%

$43,600

Closing costs

1%

$2,180

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,701

Total Expenses

$1,772

Mortgage P&I

66%

$1,118

Property Taxes

5%

$82

Home Insurance

4%

$76

HOA

3%

$54

Property Management

10%

$170

CapEx

5%

$85

Vacancy

6%

$102

Maintenance

5%

$85

Other

0%

$0

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