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$3,004 (target)

21302 Solstice Point Dr, Hockley, TX 77447

3 beds • 2 baths • 1890 sqft

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This property looks like a bad Mid-Term investment with a projected -3.5% first-year return on $76,695 initial cash invested.

-3.5%

Cash On Cash

5.68%

Cap Rate

0.93

DSCR

$3,004

Rent

-$224

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,004 income − $3,228 expenses = $224 out of pocket

Income$3,004Out of Pocket$224Mortgage P&I$1,42848%Property Taxes$64922%Insurance$983%HOA$331%Management$36012%CapEx$1204%Vacancy$903%Maintenance$1204%Other$33011%

Investment Breakdown

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Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,695

Downpayment

20%

$55,900

Closing costs

1%

$2,795

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,004

Total Expenses

$3,228

Mortgage P&I

48%

$1,428

Property Taxes

22%

$649

Home Insurance

3%

$98

HOA

1%

$33

Property Management

12%

$360

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$330

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