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$3,000 (target)

1032 Springwood Dr, Lewisville, TX 75067

3 beds • 2 baths • 1279 sqft

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This property might be a fair Mid-Term investment with a projected 3.16% first-year return on $74,700 initial cash invested.

3.16%

Cash On Cash

7.53%

Cap Rate

1.23

DSCR

$3,000

Rent

$197

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,000 income − $2,803 expenses = $197 cash flow

Income$3,000Mortgage P&I$1,37746%Property Taxes$31210%Insurance$943%Management$36012%CapEx$1204%Vacancy$903%Maintenance$1204%Other$33011%Cash Flow$197

Investment Breakdown

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Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,700

Downpayment

20%

$54,000

Closing costs

1%

$2,700

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,000

Total Expenses

$2,803

Mortgage P&I

46%

$1,377

Property Taxes

10%

$312

Home Insurance

3%

$94

HOA

0%

$0

Property Management

12%

$360

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$330

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