REI Lense

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$2,674 (target)

221 Country Crossing Cir, Magnolia, TX 77354

3 beds • 2 baths • 1363 sqft

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This property might be a fair Mid-Term investment with a projected 2.44% first-year return on $66,426 initial cash invested.

2.44%

Cash On Cash

7.52%

Cap Rate

1.2

DSCR

$2,674

Rent

$135

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,674 income − $2,539 expenses = $135 cash flow

Income$2,674Mortgage P&I$1,20345%Property Taxes$31212%Insurance$823%HOA$331%Management$32112%CapEx$1074%Vacancy$803%Maintenance$1074%Other$29411%Cash Flow$135

Investment Breakdown

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Purchase Price

$231k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,426

Downpayment

20%

$46,120

Closing costs

1%

$2,306

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,674

Total Expenses

$2,539

Mortgage P&I

45%

$1,203

Property Taxes

12%

$312

Home Insurance

3%

$82

HOA

1%

$33

Property Management

12%

$321

CapEx

4%

$107

Vacancy

3%

$80

Maintenance

4%

$107

Other

11%

$294

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