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$2,979 (target)

29011 Cherokee Ln, Waller, TX 77484

3 beds • 2 baths • 1680 sqft

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This property looks like a bad Mid-Term investment with a projected -15.68% first-year return on $139k initial cash invested.

-15.68%

Cash On Cash

3.06%

Cap Rate

0.46

DSCR

$2,979

Rent

-$1,813

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,979 income − $4,792 expenses = $1,813 out of pocket

Income$2,979Out of Pocket$1,813Mortgage P&I$3,161106%Property Taxes$41814%Insurance$2017%Management$35712%CapEx$1194%Vacancy$893%Maintenance$1194%Other$32811%

Investment Breakdown

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Purchase Price

$575k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$139k

Downpayment

20%

$115k

Closing costs

1%

$5,750

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,979

Total Expenses

$4,792

Mortgage P&I

106%

$3,161

Property Taxes

14%

$418

Home Insurance

7%

$201

HOA

0%

$0

Property Management

12%

$357

CapEx

4%

$119

Vacancy

3%

$89

Maintenance

4%

$119

Other

11%

$328

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