REI Lense

REI Lense

Unlock all features! Tap here to upgrade

404 Summit Ridge Ct, Willis, TX 77318

3 beds • 4 baths • 2558 sqft

Email

This property looks like a bad Airbnb investment with a projected -29.8% first-year return on $107k initial cash invested.

-29.8%

Cash On Cash

-1.17%

Cap Rate

-0.19

DSCR

$1,795

Rent

-$2,649

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,795 income − $4,444 expenses = $2,649 out of pocket

Income$1,795Out of Pocket$2,649Mortgage P&I$2,165121%Property Taxes$1,17565%Insurance$1508%HOA$925%Management$26915%CapEx$724%Maintenance$724%Other$44925%

Investment Breakdown

|

Purchase Price

$422k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$84,460

Closing costs

1%

$4,223

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$1,795

Total Expenses

$4,444

Mortgage P&I

121%

$2,165

Property Taxes

65%

$1,175

Home Insurance

8%

$150

HOA

5%

$92

Property Management

15%

$269

CapEx

4%

$72

Vacancy

0%

$0

Maintenance

4%

$72

Other

25%

$449

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis