REI Lense

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$3,159 (target)

24237 Creekwood Dr, Splendora, TX 77372

3 beds • 2 baths • 1920 sqft

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This property looks like a bad Mid-Term investment with a projected -5.91% first-year return on $102k initial cash invested.

-5.91%

Cash On Cash

4.95%

Cap Rate

0.81

DSCR

$3,159

Rent

-$502

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,159 income − $3,661 expenses = $502 out of pocket

Income$3,159Out of Pocket$502Mortgage P&I$2,02664%Property Taxes$42213%Insurance$1404%Management$37912%CapEx$1264%Vacancy$953%Maintenance$1264%Other$34711%

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,980

Closing costs

1%

$3,999

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,159

Total Expenses

$3,661

Mortgage P&I

64%

$2,026

Property Taxes

13%

$422

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$379

CapEx

4%

$126

Vacancy

3%

$95

Maintenance

4%

$126

Other

11%

$347

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