REI Lense

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$1,632 (target)

2728 Cadiz Bay Dr, Conroe, TX 77301

3 beds • 2 baths • 1320 sqft

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This property looks like a bad Long-Term investment with a projected -5.99% first-year return on $47,250 initial cash invested.

-5.99%

Cash On Cash

5.31%

Cap Rate

0.87

DSCR

$1,632

Rent

-$236

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,632 income − $1,868 expenses = $236 out of pocket

Income$1,632Out of Pocket$236Mortgage P&I$1,14970%Property Taxes$16310%Insurance$795%HOA$523%Management$16310%CapEx$825%Vacancy$986%Maintenance$825%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,632

Total Expenses

$1,868

Mortgage P&I

70%

$1,149

Property Taxes

10%

$163

Home Insurance

5%

$79

HOA

3%

$52

Property Management

10%

$163

CapEx

5%

$82

Vacancy

6%

$98

Maintenance

5%

$82

Other

0%

$0

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