REI Lense

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$2,647 (target)

3311 Old Ironwood Dr, Spring, TX 77386

3 beds • 3 baths • 2180 sqft

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This property looks like a bad Long-Term investment with a projected -18% first-year return on $82,950 initial cash invested.

-18%

Cash On Cash

3.01%

Cap Rate

0.47

DSCR

$2,647

Rent

-$1,244

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,647 income − $3,891 expenses = $1,244 out of pocket

Income$2,647Out of Pocket$1,244Mortgage P&I$2,10279%Property Taxes$90034%Insurance$1385%HOA$632%Management$26510%CapEx$1325%Vacancy$1596%Maintenance$1325%

Investment Breakdown

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Purchase Price

$395k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,950

Downpayment

20%

$79,000

Closing costs

1%

$3,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,647

Total Expenses

$3,891

Mortgage P&I

79%

$2,102

Property Taxes

34%

$900

Home Insurance

5%

$138

HOA

2%

$63

Property Management

10%

$265

CapEx

5%

$132

Vacancy

6%

$159

Maintenance

5%

$132

Other

0%

$0

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