REI Lense

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$2,170 (target)

1402 Thornwood Ln, Houston, TX 77062

3 beds • 3 baths • 1793 sqft

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This property looks like a bad Long-Term investment with a projected -9.65% first-year return on $56,574 initial cash invested.

-9.65%

Cash On Cash

4.46%

Cap Rate

0.74

DSCR

$2,170

Rent

-$455

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,170 income − $2,625 expenses = $455 out of pocket

Income$2,170Out of Pocket$455Mortgage P&I$1,34962%Property Taxes$58127%Insurance$964%HOA$362%Management$21710%CapEx$1085%Vacancy$1306%Maintenance$1085%

Investment Breakdown

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Purchase Price

$269k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,574

Downpayment

20%

$53,880

Closing costs

1%

$2,694

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,170

Total Expenses

$2,625

Mortgage P&I

62%

$1,349

Property Taxes

27%

$581

Home Insurance

4%

$96

HOA

2%

$36

Property Management

10%

$217

CapEx

5%

$108

Vacancy

6%

$130

Maintenance

5%

$108

Other

0%

$0

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