REI Lense

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$1,777 (target)

9690 Simmons Dr, Conroe, TX 77385

3 beds • 2 baths • 979 sqft

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This property might be a fair Long-Term investment with a projected 1.58% first-year return on $41,790 initial cash invested.

1.58%

Cash On Cash

7.21%

Cap Rate

1.14

DSCR

$1,777

Rent

$55

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,777 income − $1,722 expenses = $55 cash flow

Income$1,777Mortgage P&I$1,05159%Property Taxes$1388%Insurance$704%Management$17810%CapEx$895%Vacancy$1076%Maintenance$895%Cash Flow$55

Investment Breakdown

|

Purchase Price

$199k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,790

Downpayment

20%

$39,800

Closing costs

1%

$1,990

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,777

Total Expenses

$1,722

Mortgage P&I

59%

$1,051

Property Taxes

8%

$138

Home Insurance

4%

$70

HOA

0%

$0

Property Management

10%

$178

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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