REI Lense

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$3,118 (target)

21235 Memorial Vista Dr, Houston, TX 77073

3 beds • 3 baths • 1688 sqft

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This property might be a fair Mid-Term investment with a projected 7.39% first-year return on $72,579 initial cash invested.

7.39%

Cash On Cash

8.66%

Cap Rate

1.44

DSCR

$3,118

Rent

$447

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,118 income − $2,671 expenses = $447 cash flow

Income$3,118Mortgage P&I$1,30442%Property Taxes$1695%Insurance$913%HOA$461%Management$37412%CapEx$1254%Vacancy$943%Maintenance$1254%Other$34311%Cash Flow$447

Investment Breakdown

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Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,579

Downpayment

20%

$51,980

Closing costs

1%

$2,599

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,118

Total Expenses

$2,671

Mortgage P&I

42%

$1,304

Property Taxes

5%

$169

Home Insurance

3%

$91

HOA

1%

$46

Property Management

12%

$374

CapEx

4%

$125

Vacancy

3%

$94

Maintenance

4%

$125

Other

11%

$343

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