REI Lense

REI Lense

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$1,681 (target)

22223 Spring Gate Dr, Spring, TX 77373

3 beds • 2 baths • 1380 sqft

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This property looks like a bad Long-Term investment with a projected -11.16% first-year return on $47,943 initial cash invested.

-11.16%

Cash On Cash

4.29%

Cap Rate

0.69

DSCR

$1,681

Rent

-$446

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,681 income − $2,127 expenses = $446 out of pocket

Income$1,681Out of Pocket$446Mortgage P&I$1,17870%Property Taxes$43226%Insurance$805%Management$16810%CapEx$845%Vacancy$1016%Maintenance$845%

Investment Breakdown

|

Purchase Price

$228k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,943

Downpayment

20%

$45,660

Closing costs

1%

$2,283

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,681

Total Expenses

$2,127

Mortgage P&I

70%

$1,178

Property Taxes

26%

$432

Home Insurance

5%

$80

HOA

0%

$0

Property Management

10%

$168

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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