REI Lense

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$2,862 (target)

9835 Mills Field Dr, Houston, TX 77070

3 beds • 2 baths • 1519 sqft

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This property looks like a bad Mid-Term investment with a projected -1.81% first-year return on $70,290 initial cash invested.

-1.81%

Cash On Cash

6.62%

Cap Rate

1.01

DSCR

$2,862

Rent

-$106

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,862 income − $2,968 expenses = $106 out of pocket

Income$2,862Out of Pocket$106Mortgage P&I$1,36648%Property Taxes$49717%Insurance$873%HOA$462%Management$34312%CapEx$1144%Vacancy$863%Maintenance$1144%Other$31511%

Investment Breakdown

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Purchase Price

$249k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,290

Downpayment

20%

$49,800

Closing costs

1%

$2,490

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,862

Total Expenses

$2,968

Mortgage P&I

48%

$1,366

Property Taxes

17%

$497

Home Insurance

3%

$87

HOA

2%

$46

Property Management

12%

$343

CapEx

4%

$114

Vacancy

3%

$86

Maintenance

4%

$114

Other

11%

$315

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