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$2,363 (target)

24015 Corinaldo Ct, Katy, TX 77493

3 beds • 2 baths • 2142 sqft

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This property looks like a bad Long-Term investment with a projected -23.5% first-year return on $83,790 initial cash invested.

-23.5%

Cash On Cash

1.37%

Cap Rate

0.23

DSCR

$2,363

Rent

-$1,641

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,363 income − $4,004 expenses = $1,641 out of pocket

Income$2,363Out of Pocket$1,641Mortgage P&I$1,97984%Property Taxes$1,14048%Insurance$1406%HOA$1316%Management$23610%CapEx$1185%Vacancy$1426%Maintenance$1185%

Investment Breakdown

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Purchase Price

$399k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,790

Downpayment

20%

$79,800

Closing costs

1%

$3,990

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,363

Total Expenses

$4,004

Mortgage P&I

84%

$1,979

Property Taxes

48%

$1,140

Home Insurance

6%

$140

HOA

6%

$131

Property Management

10%

$236

CapEx

5%

$118

Vacancy

6%

$142

Maintenance

5%

$118

Other

0%

$0

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