REI Lense

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$2,410 (target)

23346 Prairie Bird Dr, Spring, TX 77373

3 beds • 2 baths • 1152 sqft

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This property looks like a bad Mid-Term investment with a projected -0.13% first-year return on $57,459 initial cash invested.

-0.13%

Cash On Cash

7.29%

Cap Rate

1.09

DSCR

$2,410

Rent

-$6

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,410 income − $2,416 expenses = $6 out of pocket

Income$2,410Out of Pocket$6Mortgage P&I$1,05244%Property Taxes$45219%Insurance$663%HOA$281%Management$28912%CapEx$964%Vacancy$723%Maintenance$964%Other$26511%

Investment Breakdown

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Purchase Price

$188k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,459

Downpayment

20%

$37,580

Closing costs

1%

$1,879

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,410

Total Expenses

$2,416

Mortgage P&I

44%

$1,052

Property Taxes

19%

$452

Home Insurance

3%

$66

HOA

1%

$28

Property Management

12%

$289

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$265

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