REI Lense

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$1,895 (target)

23410 Horseshoe Run Dr, Spring, TX 77373

3 beds • 3 baths • 1928 sqft

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This property looks like a bad Long-Term investment with a projected -14.05% first-year return on $50,400 initial cash invested.

-14.05%

Cash On Cash

3.78%

Cap Rate

0.6

DSCR

$1,895

Rent

-$590

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,895 income − $2,485 expenses = $590 out of pocket

Income$1,895Out of Pocket$590Mortgage P&I$1,25066%Property Taxes$62233%Insurance$844%HOA$352%Management$19010%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

|

Purchase Price

$240k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,400

Downpayment

20%

$48,000

Closing costs

1%

$2,400

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,895

Total Expenses

$2,485

Mortgage P&I

66%

$1,250

Property Taxes

33%

$622

Home Insurance

4%

$84

HOA

2%

$35

Property Management

10%

$190

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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