REI Lense

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$2,943 (target)

6902 Creek Village Dr, Katy, TX 77449

3 beds • 2 baths • 1958 sqft

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This property looks like a bad Mid-Term investment with a projected -1.86% first-year return on $71,739 initial cash invested.

-1.86%

Cash On Cash

6.44%

Cap Rate

1.01

DSCR

$2,943

Rent

-$111

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,943 income − $3,054 expenses = $111 out of pocket

Income$2,943Out of Pocket$111Mortgage P&I$1,36646%Property Taxes$53018%Insurance$903%HOA$672%Management$35312%CapEx$1184%Vacancy$883%Maintenance$1184%Other$32411%

Investment Breakdown

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Purchase Price

$256k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,739

Downpayment

20%

$51,180

Closing costs

1%

$2,559

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,943

Total Expenses

$3,054

Mortgage P&I

46%

$1,366

Property Taxes

18%

$530

Home Insurance

3%

$90

HOA

2%

$67

Property Management

12%

$353

CapEx

4%

$118

Vacancy

3%

$88

Maintenance

4%

$118

Other

11%

$324

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