REI Lense

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$2,428 (target)

24023 Priano Forest Dr, New Caney, TX 77357

3 beds • 2 baths • 1240 sqft

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This property looks like a bad Mid-Term investment with a projected -5.43% first-year return on $63,675 initial cash invested.

-5.43%

Cash On Cash

5.48%

Cap Rate

0.84

DSCR

$2,428

Rent

-$288

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,428 income − $2,716 expenses = $288 out of pocket

Income$2,428Out of Pocket$288Mortgage P&I$1,18449%Property Taxes$56423%Insurance$763%HOA$673%Management$29112%CapEx$974%Vacancy$733%Maintenance$974%Other$26711%

Investment Breakdown

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Purchase Price

$218k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,675

Downpayment

20%

$43,500

Closing costs

1%

$2,175

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,428

Total Expenses

$2,716

Mortgage P&I

49%

$1,184

Property Taxes

23%

$564

Home Insurance

3%

$76

HOA

3%

$67

Property Management

12%

$291

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$267

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