REI Lense

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$1,887 (target)

1600 Sweetgum St, Conroe, TX 77385

3 beds • 2 baths • 1372 sqft

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This property looks like a bad Long-Term investment with a projected -8.03% first-year return on $49,434 initial cash invested.

-8.03%

Cash On Cash

5.11%

Cap Rate

0.81

DSCR

$1,887

Rent

-$331

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,887 income − $2,218 expenses = $331 out of pocket

Income$1,887Out of Pocket$331Mortgage P&I$1,24066%Property Taxes$40421%Insurance$844%Management$18910%CapEx$945%Vacancy$1136%Maintenance$945%

Investment Breakdown

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Purchase Price

$235k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,434

Downpayment

20%

$47,080

Closing costs

1%

$2,354

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,887

Total Expenses

$2,218

Mortgage P&I

66%

$1,240

Property Taxes

21%

$404

Home Insurance

4%

$84

HOA

0%

$0

Property Management

10%

$189

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

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