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$2,836 (target)

13987 Lakepoint Dr, Willis, TX 77318

3 beds • 2 baths • 1598 sqft

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This property looks like a bad Mid-Term investment with a projected -3.77% first-year return on $78,900 initial cash invested.

-3.77%

Cash On Cash

5.9%

Cap Rate

0.91

DSCR

$2,836

Rent

-$248

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,836 income − $3,084 expenses = $248 out of pocket

Income$2,836Out of Pocket$248Mortgage P&I$1,56255%Property Taxes$35112%Insurance$1024%HOA$1064%Management$34012%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31211%

Investment Breakdown

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Purchase Price

$290k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,900

Downpayment

20%

$58,000

Closing costs

1%

$2,900

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,836

Total Expenses

$3,084

Mortgage P&I

55%

$1,562

Property Taxes

12%

$351

Home Insurance

4%

$102

HOA

4%

$106

Property Management

12%

$340

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$312

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