REI Lense

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$4,791 (target)

404 Summit Ridge Ct, Willis, TX 77318

3 beds • 4 baths • 2558 sqft

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This property looks like a bad Mid-Term investment with a projected -4.74% first-year return on $107k initial cash invested.

-4.74%

Cash On Cash

5.5%

Cap Rate

0.89

DSCR

$4,791

Rent

-$421

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,791 income − $5,212 expenses = $421 out of pocket

Income$4,791Out of Pocket$421Mortgage P&I$2,16545%Property Taxes$1,17525%Insurance$1503%HOA$922%Management$57512%CapEx$1924%Vacancy$1443%Maintenance$1924%Other$52711%

Investment Breakdown

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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

$4,791

Total Expenses

$5,212

Mortgage P&I

45%

$2,165

Property Taxes

25%

$1,175

Home Insurance

3%

$150

HOA

2%

$92

Property Management

12%

$575

CapEx

4%

$192

Vacancy

3%

$144

Maintenance

4%

$192

Other

11%

$527

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