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$3,492 (target)

23026 Needlegrass Rd, Katy, TX 77493

3 beds • 2 baths • 1653 sqft

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This property looks like a bad Mid-Term investment with a projected -7.88% first-year return on $85,389 initial cash invested.

-7.88%

Cash On Cash

5.12%

Cap Rate

0.76

DSCR

$3,492

Rent

-$561

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,492 income − $4,053 expenses = $561 out of pocket

Income$3,492Out of Pocket$561Mortgage P&I$1,79051%Property Taxes$84424%Insurance$1163%HOA$1153%Management$41912%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38411%

Investment Breakdown

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Purchase Price

$321k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,389

Downpayment

20%

$64,180

Closing costs

1%

$3,209

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,492

Total Expenses

$4,053

Mortgage P&I

51%

$1,790

Property Taxes

24%

$844

Home Insurance

3%

$116

HOA

3%

$115

Property Management

12%

$419

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$384

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