REI Lense

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$2,804 (target)

42 Lyrebird Dr, Spring, TX 77380

3 beds • 2 baths • 1326 sqft

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This property looks like a bad Mid-Term investment with a projected -2.79% first-year return on $84,591 initial cash invested.

-2.79%

Cash On Cash

5.7%

Cap Rate

0.95

DSCR

$2,804

Rent

-$197

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,804 income − $3,001 expenses = $197 out of pocket

Income$2,804Out of Pocket$197Mortgage P&I$1,59257%Property Taxes$34112%Insurance$1164%Management$33612%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30811%

Investment Breakdown

|

Purchase Price

$317k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,591

Downpayment

20%

$63,420

Closing costs

1%

$3,171

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,804

Total Expenses

$3,001

Mortgage P&I

57%

$1,592

Property Taxes

12%

$341

Home Insurance

4%

$116

HOA

0%

$0

Property Management

12%

$336

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$308

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