REI Lense

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$2,428 (target)

23330 Prairie Bird Dr, Spring, TX 77373

3 beds • 2 baths • 1124 sqft

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This property might be a fair Mid-Term investment with a projected 3.28% first-year return on $57,018 initial cash invested.

3.28%

Cash On Cash

7.8%

Cap Rate

1.27

DSCR

$2,428

Rent

$156

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,428 income − $2,272 expenses = $156 cash flow

Income$2,428Mortgage P&I$95439%Property Taxes$40217%Insurance$663%HOA$251%Management$29112%CapEx$974%Vacancy$733%Maintenance$974%Other$26711%Cash Flow$156

Investment Breakdown

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Purchase Price

$186k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,018

Downpayment

20%

$37,160

Closing costs

1%

$1,858

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,428

Total Expenses

$2,272

Mortgage P&I

39%

$954

Property Taxes

17%

$402

Home Insurance

3%

$66

HOA

1%

$25

Property Management

12%

$291

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$267

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