REI Lense

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$2,583 (target)

24422 Myrtle Creek Fls, Tomball, TX 77375

3 beds • 3 baths • 2416 sqft

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This property looks like a bad Long-Term investment with a projected -13.12% first-year return on $74,340 initial cash invested.

-13.12%

Cash On Cash

3.81%

Cap Rate

0.62

DSCR

$2,583

Rent

-$813

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,583 income − $3,396 expenses = $813 out of pocket

Income$2,583Out of Pocket$813Mortgage P&I$1,80870%Property Taxes$71228%Insurance$1245%HOA$813%Management$25810%CapEx$1295%Vacancy$1556%Maintenance$1295%

Investment Breakdown

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Purchase Price

$354k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,340

Downpayment

20%

$70,800

Closing costs

1%

$3,540

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,583

Total Expenses

$3,396

Mortgage P&I

70%

$1,808

Property Taxes

28%

$712

Home Insurance

5%

$124

HOA

3%

$81

Property Management

10%

$258

CapEx

5%

$129

Vacancy

6%

$155

Maintenance

5%

$129

Other

0%

$0

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