REI Lense

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$2,554 (target)

13651 Corrigan Dr, Houston, TX 77014

3 beds • 2 baths • 1200 sqft

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This property might be a fair Mid-Term investment with a projected 2.18% first-year return on $59,895 initial cash invested.

2.18%

Cash On Cash

7.53%

Cap Rate

1.2

DSCR

$2,554

Rent

$109

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,554 income − $2,445 expenses = $109 cash flow

Income$2,554Mortgage P&I$1,04141%Property Taxes$42617%Insurance$703%HOA$402%Management$30612%CapEx$1024%Vacancy$773%Maintenance$1024%Other$28111%Cash Flow$109

Investment Breakdown

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Purchase Price

$200k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,895

Downpayment

20%

$39,900

Closing costs

1%

$1,995

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,554

Total Expenses

$2,445

Mortgage P&I

41%

$1,041

Property Taxes

17%

$426

Home Insurance

3%

$70

HOA

2%

$40

Property Management

12%

$306

CapEx

4%

$102

Vacancy

3%

$77

Maintenance

4%

$102

Other

11%

$281

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