REI Lense

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$2,883 (target)

501 Pine Cluster Ct, Conroe, TX 77301

3 beds • 3 baths • 2180 sqft

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This property might be a fair Mid-Term investment with a projected 4.23% first-year return on $66,090 initial cash invested.

4.23%

Cash On Cash

7.98%

Cap Rate

1.3

DSCR

$2,883

Rent

$233

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,883 income − $2,650 expenses = $233 cash flow

Income$2,883Mortgage P&I$1,17541%Property Taxes$41614%Insurance$803%Management$34612%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31711%Cash Flow$233

Investment Breakdown

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Purchase Price

$229k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,090

Downpayment

20%

$45,800

Closing costs

1%

$2,290

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,883

Total Expenses

$2,650

Mortgage P&I

41%

$1,175

Property Taxes

14%

$416

Home Insurance

3%

$80

HOA

0%

$0

Property Management

12%

$346

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$317

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