REI Lense

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$1,897 (target)

23903 Grass Hook Ln, Hockley, TX 77447

3 beds • 2 baths • 1412 sqft

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This property looks like a bad Long-Term investment with a projected -15.08% first-year return on $52,752 initial cash invested.

-15.08%

Cash On Cash

3.32%

Cap Rate

0.55

DSCR

$1,897

Rent

-$663

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,897 income − $2,560 expenses = $663 out of pocket

Income$1,897Out of Pocket$663Mortgage P&I$1,26367%Property Taxes$64234%Insurance$945%HOA$674%Management$19010%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

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Purchase Price

$251k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,752

Downpayment

20%

$50,240

Closing costs

1%

$2,512

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,897

Total Expenses

$2,560

Mortgage P&I

67%

$1,263

Property Taxes

34%

$642

Home Insurance

5%

$94

HOA

4%

$67

Property Management

10%

$190

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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