REI Lense

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$1,885 (target)

2426 Soledad Ridge Dr, Spring, TX 77373

3 beds • 2 baths • 1803 sqft

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This property looks like a bad Long-Term investment with a projected -12.98% first-year return on $51,786 initial cash invested.

-12.98%

Cash On Cash

4.24%

Cap Rate

0.65

DSCR

$1,885

Rent

-$560

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,885 income − $2,445 expenses = $560 out of pocket

Income$1,885Out of Pocket$560Mortgage P&I$1,33871%Property Taxes$48426%Insurance$965%HOA$382%Management$18810%CapEx$945%Vacancy$1136%Maintenance$945%

Investment Breakdown

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Purchase Price

$247k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,786

Downpayment

20%

$49,320

Closing costs

1%

$2,466

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,885

Total Expenses

$2,445

Mortgage P&I

71%

$1,338

Property Taxes

26%

$484

Home Insurance

5%

$96

HOA

2%

$38

Property Management

10%

$188

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

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