REI Lense

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$1,919 (target)

22972 Keith Dr, New Caney, TX 77357

3 beds • 3 baths • 2232 sqft

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This property looks like a bad Long-Term investment with a projected -10.24% first-year return on $55,062 initial cash invested.

-10.24%

Cash On Cash

4.52%

Cap Rate

0.73

DSCR

$1,919

Rent

-$470

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,919 income − $2,389 expenses = $470 out of pocket

Income$1,919Out of Pocket$470Mortgage P&I$1,36271%Property Taxes$46424%Insurance$643%Management$19210%CapEx$965%Vacancy$1156%Maintenance$965%

Investment Breakdown

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Purchase Price

$262k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,062

Downpayment

20%

$52,440

Closing costs

1%

$2,622

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,919

Total Expenses

$2,389

Mortgage P&I

71%

$1,362

Property Taxes

24%

$464

Home Insurance

3%

$64

HOA

0%

$0

Property Management

10%

$192

CapEx

5%

$96

Vacancy

6%

$115

Maintenance

5%

$96

Other

0%

$0

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