REI Lense

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$2,153 (target)

38 Tranquil Glade Pl, Spring, TX 77381

3 beds • 2 baths • 1361 sqft

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This property looks like a bad Long-Term investment with a projected -10.74% first-year return on $68,250 initial cash invested.

-10.74%

Cash On Cash

4.18%

Cap Rate

0.69

DSCR

$2,153

Rent

-$611

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,153 income − $2,764 expenses = $611 out of pocket

Income$2,153Out of Pocket$611Mortgage P&I$1,63476%Property Taxes$45621%Insurance$1145%Management$21510%CapEx$1085%Vacancy$1296%Maintenance$1085%

Investment Breakdown

|

Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,250

Downpayment

20%

$65,000

Closing costs

1%

$3,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,153

Total Expenses

$2,764

Mortgage P&I

76%

$1,634

Property Taxes

21%

$456

Home Insurance

5%

$114

HOA

0%

$0

Property Management

10%

$215

CapEx

5%

$108

Vacancy

6%

$129

Maintenance

5%

$108

Other

0%

$0

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