REI Lense

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$3,210 (target)

2947 Highland Lakes Dr, Missouri City, TX 77459

3 beds • 2 baths • 1798 sqft

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This property might be a fair Mid-Term investment with a projected 2.6% first-year return on $75,750 initial cash invested.

2.6%

Cash On Cash

7.26%

Cap Rate

1.21

DSCR

$3,210

Rent

$164

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,210 income − $3,046 expenses = $164 cash flow

Income$3,210Mortgage P&I$1,37143%Property Taxes$45014%Insurance$963%HOA$391%Management$38512%CapEx$1284%Vacancy$963%Maintenance$1284%Other$35311%Cash Flow$164

Investment Breakdown

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Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,750

Downpayment

20%

$55,000

Closing costs

1%

$2,750

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,210

Total Expenses

$3,046

Mortgage P&I

43%

$1,371

Property Taxes

14%

$450

Home Insurance

3%

$96

HOA

1%

$39

Property Management

12%

$385

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$353

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