REI Lense

REI Lense

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$3,194 (target)

404 Summit Ridge Ct, Willis, TX 77318

3 beds • 4 baths • 2558 sqft

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This property looks like a bad Long-Term investment with a projected -16.49% first-year return on $88,683 initial cash invested.

-16.49%

Cash On Cash

3.14%

Cap Rate

0.51

DSCR

$3,194

Rent

-$1,219

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,194 income − $4,413 expenses = $1,219 out of pocket

Income$3,194Out of Pocket$1,219Mortgage P&I$2,16568%Property Taxes$1,17537%Insurance$1505%HOA$923%Management$31910%CapEx$1605%Vacancy$1926%Maintenance$1605%

Investment Breakdown

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Purchase Price

$422k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,683

Downpayment

20%

$84,460

Closing costs

1%

$4,223

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,194

Total Expenses

$4,413

Mortgage P&I

68%

$2,165

Property Taxes

37%

$1,175

Home Insurance

5%

$150

HOA

3%

$92

Property Management

10%

$319

CapEx

5%

$160

Vacancy

6%

$192

Maintenance

5%

$160

Other

0%

$0

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