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$2,494 (target)

100 E Iris Ave, Mcallen, TX 78501

3 beds • 3 baths • 2021 sqft

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This property looks like a bad Mid-Term investment with a projected -6.44% first-year return on $85,200 initial cash invested.

-6.44%

Cash On Cash

4.6%

Cap Rate

0.77

DSCR

$2,494

Rent

-$457

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,494 income − $2,951 expenses = $457 out of pocket

Income$2,494Out of Pocket$457Mortgage P&I$1,58464%Property Taxes$40716%Insurance$1124%Management$29912%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27411%

Investment Breakdown

|

Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,200

Downpayment

20%

$64,000

Closing costs

1%

$3,200

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,494

Total Expenses

$2,951

Mortgage P&I

64%

$1,584

Property Taxes

16%

$407

Home Insurance

4%

$112

HOA

0%

$0

Property Management

12%

$299

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$274

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