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$2,883 (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 Mid-Term investment with a projected -6.35% first-year return on $74,700 initial cash invested.

-6.35%

Cash On Cash

4.74%

Cap Rate

0.79

DSCR

$2,883

Rent

-$395

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,883 income − $3,278 expenses = $395 out of pocket

Income$2,883Out of Pocket$395Mortgage P&I$1,34647%Property Taxes$79628%Insurance$943%HOA$632%Management$34612%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31711%

Investment Breakdown

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Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,700

Downpayment

20%

$54,000

Closing costs

1%

$2,700

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,883

Total Expenses

$3,278

Mortgage P&I

47%

$1,346

Property Taxes

28%

$796

Home Insurance

3%

$94

HOA

2%

$63

Property Management

12%

$346

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$317

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