REI Lense

REI Lense

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$2,316 (target)

24 Rockfern Ct, Spring, TX 77380

3 beds • 3 baths • 2062 sqft

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This property looks like a bad Long-Term investment with a projected -11.7% first-year return on $75,096 initial cash invested.

-11.7%

Cash On Cash

3.97%

Cap Rate

0.66

DSCR

$2,316

Rent

-$732

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,316 income − $3,048 expenses = $732 out of pocket

Income$2,316Out of Pocket$732Mortgage P&I$1,79878%Property Taxes$51622%Insurance$1316%Management$23210%CapEx$1165%Vacancy$1396%Maintenance$1165%

Investment Breakdown

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Purchase Price

$358k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,096

Downpayment

20%

$71,520

Closing costs

1%

$3,576

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,316

Total Expenses

$3,048

Mortgage P&I

78%

$1,798

Property Taxes

22%

$516

Home Insurance

6%

$131

HOA

0%

$0

Property Management

10%

$232

CapEx

5%

$116

Vacancy

6%

$139

Maintenance

5%

$116

Other

0%

$0

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