REI Lense

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$1,981 (target)

16022 Boom Dr, Crosby, TX 77532

3 beds • 2 baths • 1485 sqft

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This property looks like a bad Long-Term investment with a projected -12.17% first-year return on $50,379 initial cash invested.

-12.17%

Cash On Cash

4.13%

Cap Rate

0.67

DSCR

$1,981

Rent

-$511

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,981 income − $2,492 expenses = $511 out of pocket

Income$1,981Out of Pocket$511Mortgage P&I$1,23762%Property Taxes$58930%Insurance$844%HOA$673%Management$19810%CapEx$995%Vacancy$1196%Maintenance$995%

Investment Breakdown

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Purchase Price

$240k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,379

Downpayment

20%

$47,980

Closing costs

1%

$2,399

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,981

Total Expenses

$2,492

Mortgage P&I

62%

$1,237

Property Taxes

30%

$589

Home Insurance

4%

$84

HOA

3%

$67

Property Management

10%

$198

CapEx

5%

$99

Vacancy

6%

$119

Maintenance

5%

$99

Other

0%

$0

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