REI Lense

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$3,154 (target)

2243 O'Conner Ranch Way, Conroe, TX 77301

3 beds • 2 baths • 1691 sqft

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This property might be a fair Mid-Term investment with a projected 0.43% first-year return on $74,700 initial cash invested.

0.43%

Cash On Cash

6.75%

Cap Rate

1.11

DSCR

$3,154

Rent

$27

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,154 income − $3,127 expenses = $27 cash flow

Income$3,154Mortgage P&I$1,36543%Property Taxes$55418%Insurance$943%HOA$421%Management$37812%CapEx$1264%Vacancy$953%Maintenance$1264%Other$34711%Cash Flow$27

Investment Breakdown

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Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,700

Downpayment

20%

$54,000

Closing costs

1%

$2,700

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,154

Total Expenses

$3,127

Mortgage P&I

43%

$1,365

Property Taxes

18%

$554

Home Insurance

3%

$94

HOA

1%

$42

Property Management

12%

$378

CapEx

4%

$126

Vacancy

3%

$95

Maintenance

4%

$126

Other

11%

$347

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