REI Lense

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$3,970 (target)

3311 Old Ironwood Dr, Spring, TX 77386

3 beds • 3 baths • 2180 sqft

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This property looks like a bad Mid-Term investment with a projected -6.93% first-year return on $101k initial cash invested.

-6.93%

Cash On Cash

5.1%

Cap Rate

0.8

DSCR

$3,970

Rent

-$583

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,970 income − $4,553 expenses = $583 out of pocket

Income$3,970Out of Pocket$583Mortgage P&I$2,10253%Property Taxes$90023%Insurance$1383%HOA$632%Management$47612%CapEx$1594%Vacancy$1193%Maintenance$1594%Other$43711%

Investment Breakdown

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Purchase Price

$395k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$79,000

Closing costs

1%

$3,950

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,970

Total Expenses

$4,553

Mortgage P&I

53%

$2,102

Property Taxes

23%

$900

Home Insurance

3%

$138

HOA

2%

$63

Property Management

12%

$476

CapEx

4%

$159

Vacancy

3%

$119

Maintenance

4%

$159

Other

11%

$437

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