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23403 Cranberry Grader Ln, Hockley, TX 77447

3 beds • 3 baths • 2088 sqft

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This property looks like a bad Mid-Term investment with a projected -3.25% first-year return on $84,150 initial cash invested.

-3.25%

Cash On Cash

5.51%

Cap Rate

0.94

DSCR

$3,434

Rent

-$228

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,150

Downpayment

20%

$63,000

Closing costs

1%

$3,150

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,434

Total Expenses

$3,662

Mortgage P&I

45%

$1,537

Property Taxes

23%

$781

Home Insurance

3%

$110

HOA

2%

$67

Property Management

12%

$412

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$378

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