REI Lense

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$2,111 (target)

6311 Richland Hills Dr, Katy, TX 77494

3 beds • 3 baths • 1885 sqft

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This property looks like a bad Long-Term investment with a projected -16.89% first-year return on $65,730 initial cash invested.

-16.89%

Cash On Cash

3.44%

Cap Rate

0.52

DSCR

$2,111

Rent

-$925

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,111 income − $3,036 expenses = $925 out of pocket

Income$2,111Out of Pocket$925Mortgage P&I$1,71581%Property Taxes$58027%Insurance$1105%HOA$814%Management$21110%CapEx$1065%Vacancy$1276%Maintenance$1065%

Investment Breakdown

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Purchase Price

$313k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,730

Downpayment

20%

$62,600

Closing costs

1%

$3,130

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,111

Total Expenses

$3,036

Mortgage P&I

81%

$1,715

Property Taxes

27%

$580

Home Insurance

5%

$110

HOA

4%

$81

Property Management

10%

$211

CapEx

5%

$106

Vacancy

6%

$127

Maintenance

5%

$106

Other

0%

$0

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