REI Lense

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$5,132 (target)

15255 Conroe Dr, Conroe, TX 77384

3 beds • 3 baths • 2448 sqft

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This property might be a fair Mid-Term investment with a projected 8.9% first-year return on $104k initial cash invested.

8.9%

Cash On Cash

8.93%

Cap Rate

1.47

DSCR

$5,132

Rent

$769

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,132 income − $4,363 expenses = $769 cash flow

Income$5,132Mortgage P&I$2,06340%Property Taxes$4288%Insurance$982%HOA$291%Management$61612%CapEx$2054%Vacancy$1543%Maintenance$2054%Other$56511%Cash Flow$769

Investment Breakdown

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Purchase Price

$408k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$81,620

Closing costs

1%

$4,081

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$5,132

Total Expenses

$4,363

Mortgage P&I

40%

$2,063

Property Taxes

8%

$428

Home Insurance

2%

$98

HOA

1%

$29

Property Management

12%

$616

CapEx

4%

$205

Vacancy

3%

$154

Maintenance

4%

$205

Other

11%

$565

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