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$1,922 (target)

15022 Paddock Point Ln, New Caney, TX 77357

3 beds • 3 baths • 2433 sqft

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This property looks like a bad Long-Term investment with a projected -18.54% first-year return on $56,700 initial cash invested.

-18.54%

Cash On Cash

2.52%

Cap Rate

0.42

DSCR

$1,922

Rent

-$876

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,922 income − $2,798 expenses = $876 out of pocket

Income$1,922Out of Pocket$876Mortgage P&I$1,34670%Property Taxes$79641%Insurance$945%HOA$633%Management$19210%CapEx$965%Vacancy$1156%Maintenance$965%

Investment Breakdown

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Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,700

Downpayment

20%

$54,000

Closing costs

1%

$2,700

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,922

Total Expenses

$2,798

Mortgage P&I

70%

$1,346

Property Taxes

41%

$796

Home Insurance

5%

$94

HOA

3%

$63

Property Management

10%

$192

CapEx

5%

$96

Vacancy

6%

$115

Maintenance

5%

$96

Other

0%

$0

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