REI Lense

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$2,919 (target)

398 Shoreview Dr, Conroe, TX 77303

3 beds • 2 baths • 1721 sqft

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This property might be a fair Mid-Term investment with a projected 6.98% first-year return on $73,041 initial cash invested.

6.98%

Cash On Cash

8.52%

Cap Rate

1.41

DSCR

$2,919

Rent

$425

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,919 income − $2,494 expenses = $425 cash flow

Income$2,919Mortgage P&I$1,31845%Property Taxes$562%Insurance$943%HOA$331%Management$35012%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32111%Cash Flow$425

Investment Breakdown

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Purchase Price

$262k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,041

Downpayment

20%

$52,420

Closing costs

1%

$2,621

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,919

Total Expenses

$2,494

Mortgage P&I

45%

$1,318

Property Taxes

2%

$56

Home Insurance

3%

$94

HOA

1%

$33

Property Management

12%

$350

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$321

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