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$2,370 (target)

101 SE County Road 2240, Corsicana, TX 75109

3 beds • 2 baths • 1176 sqft

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This property looks like a bad Mid-Term investment with a projected -14.05% first-year return on $123k initial cash invested.

-14.05%

Cash On Cash

2.79%

Cap Rate

0.46

DSCR

$2,370

Rent

-$1,440

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,370 income − $3,810 expenses = $1,440 out of pocket

Income$2,370Out of Pocket$1,440Mortgage P&I$2,509106%Property Taxes$32014%Insurance$1757%Management$28412%CapEx$954%Vacancy$713%Maintenance$954%Other$26111%

Investment Breakdown

|

Purchase Price

$500k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$100,000

Closing costs

1%

$5,000

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,370

Total Expenses

$3,810

Mortgage P&I

106%

$2,509

Property Taxes

14%

$320

Home Insurance

7%

$175

HOA

0%

$0

Property Management

12%

$284

CapEx

4%

$95

Vacancy

3%

$71

Maintenance

4%

$95

Other

11%

$261

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