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23688 Mileto Dr, New Caney, TX 77357

3 beds • 2 baths • 2539 sqft

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This property looks like a bad Long-Term investment with a projected -20.75% first-year return on $78,748 initial cash invested.

-20.75%

Cash On Cash

1.78%

Cap Rate

0.31

DSCR

$2,170

Rent

-$1,362

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$375k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,748

Downpayment

20%

$74,998

Closing costs

1%

$3,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,170

Total Expenses

$3,532

Mortgage P&I

83%

$1,809

Property Taxes

44%

$962

Home Insurance

6%

$131

HOA

3%

$67

Property Management

10%

$217

CapEx

5%

$108

Vacancy

6%

$130

Maintenance

5%

$108

Other

0%

$0

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Comparable Property

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Beds

Baths

SQFT

Distance

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4

2

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1.3 mi

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0.6 mi

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2

1

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$2,850

5

4

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0.6 mi

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$1,100

2

1

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$2,850

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