Browse Properties
28507 Lockeridge View Dr
Spring, TX 77386
28507 Lockeridge View Dr
Spring, TX 77386
5.7%
Year 1 Cap Rate$278,889
10 yr cash flow8.68%
10 yr IRRDetails
- Lot size0
- Rentable Sq.Ft1,855
- $/Rentable Sq.Ft$132
- Monthly rent$2,200
- Safety deposit$2,200
- Estimated reserve$3,500
- Lease start2025-04-01
- Lease end2027-04-30
- HOAYes
- Flood zoneNo
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Neighborhood
Niche grades and rankings use rigorously analyzed data and user opinions to assess the key aspects of this neighborhood.
Overall neighborhood score:
28507 Lockeridge View Dr, Spring, TX 77386
Cost Of Living
Good For Families
Good For Young Professionals
Housing
Jobs
Public Schools
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Financials
| Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
|---|---|---|---|---|---|
| Rental revenue | $26,400 | $26,400 | $28,280 | $30,295 | $35,980 |
| Vacancy & Collection Loss | ($1,320) | ($1,320) | ($1,414) | ($1,515) | ($1,799) |
| Operating revenues | $25,080 | $25,080 | $26,866 | $28,780 | $34,181 |
| Expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| HOA fees | ($556) | ($572) | ($589) | ($625) | ($725) |
| Insurance | ($1,705) | ($1,756) | ($1,809) | ($1,919) | ($2,224) |
| Utilities | ($0) | ($0) | ($0) | ($0) | ($0) |
| Leasing Fee | ($440) | ($440) | ($471) | ($505) | ($600) |
| Property management | ($1,254) | ($1,254) | ($1,343) | ($1,439) | ($1,709) |
| Real estate taxes | ($5,829) | ($6,004) | ($6,184) | ($6,561) | ($7,606) |
| Repairs and maintenance | ($1,320) | ($1,320) | ($1,414) | ($1,515) | ($1,799) |
| Operating expenses | ($11,104) | ($11,346) | ($11,810) | ($12,564) | ($14,663) |
| Net Operating Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Operating revenues | $25,080 | $25,080 | $26,866 | $28,780 | $34,181 |
| Operating expenses | ($11,104) | ($11,346) | ($11,810) | ($12,564) | ($14,663) |
| Net Operating Income | $13,976 | $13,734 | $15,056 | $16,216 | $19,518 |
| Cap Rate | 5.7% | 5.6% | 6.2% | 6.6% | 8.0% |
| Other income & expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| SHARE management | ($1,848) | ($1,903) | ($1,960) | ($2,080) | ($2,411) |
| Mortgage payments | $0 | $0 | $0 | $0 | $0 |
| Other income & expenses | ($1,848) | ($1,903) | ($1,960) | ($2,080) | ($2,411) |
| Cash flow & yield | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Cash flow | $12,128 | $11,831 | $13,096 | $14,136 | $17,107 |
| Cash yield | 4.6% | 4.5% | 4.9% | 5.3% | 6.4% |
Acquisition Equity
| Down payment | ($243,952) | |||
|---|---|---|---|---|
| Title insurance | ($3,659) | |||
| Debt costs | ||||
| Acquisition fee | ($7,500) | |||
| Home Buyer Inspection | ($750) | |||
| Leasing Fee | ($3,300) | |||
| Reserves | ($3,500) | |||
| Stabilization costs | ($2,670) | |||
| Total | ($265,331) | |||
Disposition Proceeds
| Estimated sale price | $412,424 | |||
|---|---|---|---|---|
| Disposition fee | ($4,124) | |||
| Other disposition costs | ($8,248) | |||
| Year 10 mortgage balance | ($0) | |||
| Total | $400,051 | |||
