REI Lense

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$2,740 (target)

6841 Concho St, Houston, TX 77074

3 beds • 2 baths • 1129 sqft

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This property might be a fair Mid-Term investment with a projected 4.53% first-year return on $63,885 initial cash invested.

4.53%

Cash On Cash

8.09%

Cap Rate

1.31

DSCR

$2,740

Rent

$241

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,740 income − $2,499 expenses = $241 cash flow

Income$2,740Mortgage P&I$1,12241%Property Taxes$34613%Insurance$763%HOA$231%Management$32912%CapEx$1104%Vacancy$823%Maintenance$1104%Other$30111%Cash Flow$241

Investment Breakdown

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Purchase Price

$219k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,885

Downpayment

20%

$43,700

Closing costs

1%

$2,185

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,740

Total Expenses

$2,499

Mortgage P&I

41%

$1,122

Property Taxes

13%

$346

Home Insurance

3%

$76

HOA

1%

$23

Property Management

12%

$329

CapEx

4%

$110

Vacancy

3%

$82

Maintenance

4%

$110

Other

11%

$301

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