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$2,732 (target)

18019 Mendocino Ridge Ln, Hockley, TX 77447

3 beds • 2 baths • 1535 sqft

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This property looks like a bad Mid-Term investment with a projected -7.04% first-year return on $71,550 initial cash invested.

-7.04%

Cash On Cash

5.2%

Cap Rate

0.78

DSCR

$2,732

Rent

-$420

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,732 income − $3,152 expenses = $420 out of pocket

Income$2,732Out of Pocket$420Mortgage P&I$1,41552%Property Taxes$65624%Insurance$893%HOA$632%Management$32812%CapEx$1094%Vacancy$823%Maintenance$1094%Other$30111%

Investment Breakdown

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Purchase Price

$255k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,550

Downpayment

20%

$51,000

Closing costs

1%

$2,550

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,732

Total Expenses

$3,152

Mortgage P&I

52%

$1,415

Property Taxes

24%

$656

Home Insurance

3%

$89

HOA

2%

$63

Property Management

12%

$328

CapEx

4%

$109

Vacancy

3%

$82

Maintenance

4%

$109

Other

11%

$301

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