REI Lense

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$3,996 (target)

9707 Highland Pointe Dr, Needville, TX 77461

3 beds • 3 baths • 2090 sqft

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This property looks like a bad Mid-Term investment with a projected -2.49% first-year return on $101k initial cash invested.

-2.49%

Cash On Cash

5.9%

Cap Rate

0.98

DSCR

$3,996

Rent

-$210

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,996 income − $4,206 expenses = $210 out of pocket

Income$3,996Out of Pocket$210Mortgage P&I$2,00350%Property Taxes$69617%Insurance$1393%HOA$8Management$48012%CapEx$1604%Vacancy$1203%Maintenance$1604%Other$44011%

Investment Breakdown

|

Purchase Price

$397k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$79,400

Closing costs

1%

$3,970

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,996

Total Expenses

$4,206

Mortgage P&I

50%

$2,003

Property Taxes

17%

$696

Home Insurance

3%

$139

HOA

0%

$8

Property Management

12%

$480

CapEx

4%

$160

Vacancy

3%

$120

Maintenance

4%

$160

Other

11%

$440

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