REI Lense

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$1,986 (target)

883 County Road 3737, Splendora, TX 77372

3 beds • 2 baths • sqft

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This property might be a fair Mid-Term investment with a projected 1.74% first-year return on $60,000 initial cash invested.

1.74%

Cash On Cash

7.25%

Cap Rate

1.16

DSCR

$1,986

Rent

$87

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,986 income − $1,899 expenses = $87 cash flow

Income$1,986Mortgage P&I$1,04353%Property Taxes$1126%Insurance$704%Management$23812%CapEx$794%Vacancy$603%Maintenance$794%Other$21811%Cash Flow$87

Investment Breakdown

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Purchase Price

$200k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,000

Downpayment

20%

$40,000

Closing costs

1%

$2,000

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$1,986

Total Expenses

$1,899

Mortgage P&I

53%

$1,043

Property Taxes

6%

$112

Home Insurance

4%

$70

HOA

0%

$0

Property Management

12%

$238

CapEx

4%

$79

Vacancy

3%

$60

Maintenance

4%

$79

Other

11%

$218

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