REI Lense

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$2,275 (target)

2847 Mistygate Ct, Conroe, TX 77301

3 beds • 2 baths • 2150 sqft

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This property looks like a bad Long-Term investment with a projected -12.52% first-year return on $66,990 initial cash invested.

-12.52%

Cash On Cash

3.76%

Cap Rate

0.63

DSCR

$2,275

Rent

-$699

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,275 income − $2,974 expenses = $699 out of pocket

Income$2,275Out of Pocket$699Mortgage P&I$1,58570%Property Taxes$63328%Insurance$1125%HOA$522%Management$22810%CapEx$1145%Vacancy$1366%Maintenance$1145%

Investment Breakdown

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Purchase Price

$319k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,990

Downpayment

20%

$63,800

Closing costs

1%

$3,190

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,275

Total Expenses

$2,974

Mortgage P&I

70%

$1,585

Property Taxes

28%

$633

Home Insurance

5%

$112

HOA

2%

$52

Property Management

10%

$228

CapEx

5%

$114

Vacancy

6%

$136

Maintenance

5%

$114

Other

0%

$0

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