REI Lense

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$2,880 (target)

16011 Sierra Grande Dr, Houston, TX 77083

3 beds • 2 baths • 1709 sqft

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This property looks like a bad Mid-Term investment with a projected -2.9% first-year return on $82,866 initial cash invested.

-2.9%

Cash On Cash

5.94%

Cap Rate

0.95

DSCR

$2,880

Rent

-$200

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,880 income − $3,080 expenses = $200 out of pocket

Income$2,880Out of Pocket$200Mortgage P&I$1,61356%Property Taxes$35912%Insurance$1084%HOA$211%Management$34612%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31711%

Investment Breakdown

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Purchase Price

$309k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,866

Downpayment

20%

$61,777

Closing costs

1%

$3,089

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,880

Total Expenses

$3,080

Mortgage P&I

56%

$1,613

Property Taxes

12%

$359

Home Insurance

4%

$108

HOA

1%

$21

Property Management

12%

$346

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$317

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