REI Lense

REI Lense

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$1,793 (target)

21114 Waze Lewis Dr, New Caney, TX 77357

3 beds • 2 baths • 1605 sqft

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This property looks like a bad Long-Term investment with a projected -16.19% first-year return on $49,140 initial cash invested.

-16.19%

Cash On Cash

3.25%

Cap Rate

0.52

DSCR

$1,793

Rent

-$663

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,793 income − $2,456 expenses = $663 out of pocket

Income$1,793Out of Pocket$663Mortgage P&I$1,20667%Property Taxes$63836%Insurance$825%HOA$634%Management$17910%CapEx$905%Vacancy$1086%Maintenance$905%

Investment Breakdown

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Purchase Price

$234k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,140

Downpayment

20%

$46,800

Closing costs

1%

$2,340

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,793

Total Expenses

$2,456

Mortgage P&I

67%

$1,206

Property Taxes

36%

$638

Home Insurance

5%

$82

HOA

4%

$63

Property Management

10%

$179

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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