REI Lense

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$2,843 (target)

40873 Wesson Ln, Magnolia, TX 77354

3 beds • 3 baths • 2817 sqft

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This property looks like a bad Long-Term investment with a projected -22.46% first-year return on $141k initial cash invested.

-22.46%

Cash On Cash

2.08%

Cap Rate

0.32

DSCR

$2,843

Rent

-$2,633

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,843 income − $5,476 expenses = $2,633 out of pocket

Income$2,843Out of Pocket$2,633Mortgage P&I$3,652128%Property Taxes$81028%Insurance$2348%HOA$411%Management$28410%CapEx$1425%Vacancy$1716%Maintenance$1425%

Investment Breakdown

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Purchase Price

$670k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$141k

Downpayment

20%

$134k

Closing costs

1%

$6,699

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,843

Total Expenses

$5,476

Mortgage P&I

128%

$3,652

Property Taxes

28%

$810

Home Insurance

8%

$234

HOA

1%

$41

Property Management

10%

$284

CapEx

5%

$142

Vacancy

6%

$171

Maintenance

5%

$142

Other

0%

$0

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