REI Lense

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$2,055 (target)

18732 Laurel Hills Dr, New Caney, TX 77357

3 beds • 2 baths • 1837 sqft

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This property looks like a bad Long-Term investment with a projected -16.2% first-year return on $58,149 initial cash invested.

-16.2%

Cash On Cash

3.08%

Cap Rate

0.51

DSCR

$2,055

Rent

-$785

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,055 income − $2,840 expenses = $785 out of pocket

Income$2,055Out of Pocket$785Mortgage P&I$1,39368%Property Taxes$74636%Insurance$995%HOA$673%Management$20610%CapEx$1035%Vacancy$1236%Maintenance$1035%

Investment Breakdown

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Purchase Price

$277k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,149

Downpayment

20%

$55,380

Closing costs

1%

$2,769

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,055

Total Expenses

$2,840

Mortgage P&I

68%

$1,393

Property Taxes

36%

$746

Home Insurance

5%

$99

HOA

3%

$67

Property Management

10%

$206

CapEx

5%

$103

Vacancy

6%

$123

Maintenance

5%

$103

Other

0%

$0

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