REI Lense

REI Lense

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$2,285 (target)

914 Manchester Dr, Conroe, TX 77304

3 beds • 2 baths • 2206 sqft

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This property looks like a bad Long-Term investment with a projected -7.57% first-year return on $64,050 initial cash invested.

-7.57%

Cash On Cash

4.91%

Cap Rate

0.81

DSCR

$2,285

Rent

-$404

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,285 income − $2,689 expenses = $404 out of pocket

Income$2,285Out of Pocket$404Mortgage P&I$1,53767%Property Taxes$42919%Insurance$1075%HOA$231%Management$22810%CapEx$1145%Vacancy$1376%Maintenance$1145%

Investment Breakdown

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Purchase Price

$305k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,050

Downpayment

20%

$61,000

Closing costs

1%

$3,050

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,285

Total Expenses

$2,689

Mortgage P&I

67%

$1,537

Property Taxes

19%

$429

Home Insurance

5%

$107

HOA

1%

$23

Property Management

10%

$228

CapEx

5%

$114

Vacancy

6%

$137

Maintenance

5%

$114

Other

0%

$0

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