124 Artesian Way
New Caney, TX 77357
List Price
$429,000
Initial Investment
$116,363Purchase Price
$425,000
Down Payment
25%
Rent
$3,775
Total Return
$108,025
Annualized Return
13.4%
Cap Rate
4.6%
Gross Yield
10.7%
Cash Flow
-$4,589
Appreciation
5.6%
Reset to DefaultEdit Assumptions
Features
Occupancy
Occupied
Lease Start
10/14/2019
Lease End
10/31/2020
Property Type
Triplex
Lot Size
8,661
HOA
None
Flood Risk
Not Required
- 2018 newly built property
- All 3 tenants have leases through Fall 2020
- Quiet, clean suburban neighborhood located near a pond
See more in Analysis
Annual Financial Highlights
Expected Rent
$43,035Expenses
-$10,319Property Taxes
-$14,200Loan Payments
-$23,105Net Cash Flow
-$4,589See more in Financials
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