REI Lense

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$3,335 (target)

9403 Highland Pointe Dr, Needville, TX 77461

3 beds • 3 baths • 2061 sqft

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This property looks like a bad Long-Term investment with a projected -8.34% first-year return on $83,580 initial cash invested.

-8.34%

Cash On Cash

5.11%

Cap Rate

0.8

DSCR

$3,335

Rent

-$581

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,335 income − $3,916 expenses = $581 out of pocket

Income$3,335Out of Pocket$581Mortgage P&I$2,11063%Property Taxes$79324%Insurance$1394%HOA$6Management$33410%CapEx$1675%Vacancy$2006%Maintenance$1675%

Investment Breakdown

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Purchase Price

$398k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,580

Downpayment

20%

$79,600

Closing costs

1%

$3,980

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,335

Total Expenses

$3,916

Mortgage P&I

63%

$2,110

Property Taxes

24%

$793

Home Insurance

4%

$139

HOA

0%

$6

Property Management

10%

$334

CapEx

5%

$167

Vacancy

6%

$200

Maintenance

5%

$167

Other

0%

$0

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