REI Lense

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$2,378 (target)

18085 Lake Dr E, Willis, TX 77378

3 beds • 3 baths • 1662 sqft

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This property looks like a bad Mid-Term investment with a projected -13.18% first-year return on $112k initial cash invested.

-13.18%

Cash On Cash

2.91%

Cap Rate

0.49

DSCR

$2,378

Rent

-$1,233

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,378 income − $3,611 expenses = $1,233 out of pocket

Income$2,378Out of Pocket$1,233Mortgage P&I$2,22694%Property Taxes$38716%Insurance$1577%HOA$331%Management$28512%CapEx$954%Vacancy$713%Maintenance$954%Other$26211%

Investment Breakdown

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Purchase Price

$449k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,800

Closing costs

1%

$4,490

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,378

Total Expenses

$3,611

Mortgage P&I

94%

$2,226

Property Taxes

16%

$387

Home Insurance

7%

$157

HOA

1%

$33

Property Management

12%

$285

CapEx

4%

$95

Vacancy

3%

$71

Maintenance

4%

$95

Other

11%

$262

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