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7001 Lavender St #5, Houston, TX 77016

3 beds • 2 baths • sqft

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This property could be a profitable Long-Term investment with a projected 107.56% first-year return on $9,450 initial cash invested.

107.56%

Cash On Cash

31.2%

Cap Rate

$1,760

Rent

$847

Cashflow

$28,560

Annaul

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

Financing

Purchase Price

$45,000

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$9,450

Downpayment

20%

$9,000

Closing costs

1%

$450

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,760

Total Expenses

$913

Mortgage P&I

13%

$235

Property Taxes

12%

$204

Home Insurance

1%

$16

PManagement

10%

$176

CapEx

5%

$88

Vacancy

6%

$106

Maintenance

5%

$88

Other

0%

$0

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Comparable Property

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Distance

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2

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$2,850

5

4

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2

1

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0.9 mi

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$2,850

5

4

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0.6 mi

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$1,100

2

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0.9 mi

2022 S American St

$2,850

5

4

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0.6 mi

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