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1038 Cardinal Dr, Richwood, TX 77566

3 beds • 2 baths • 1702 sqft

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This property looks like a bad Long-Term investment with a projected -8.56% first-year return on $59,829 initial cash invested.

-8.56%

Cash On Cash

4.47%

Cap Rate

0.77

DSCR

$2,126

Rent

-$427

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,829

Downpayment

20%

$56,980

Closing costs

1%

$2,849

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,126

Total Expenses

$2,553

Mortgage P&I

65%

$1,383

Property Taxes

24%

$517

Home Insurance

5%

$100

HOA

0%

$0

Property Management

10%

$213

CapEx

5%

$106

Vacancy

6%

$128

Maintenance

5%

$106

Other

0%

$0

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