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$2,250 (target)

1101 S 37th St, Corsicana, TX 75110

3 beds • 3 baths • 2021 sqft

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This property looks like a bad Mid-Term investment with a projected -13.48% first-year return on $123k initial cash invested.

-13.48%

Cash On Cash

2.78%

Cap Rate

0.47

DSCR

$2,250

Rent

-$1,379

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,250 income − $3,629 expenses = $1,379 out of pocket

Income$2,250Out of Pocket$1,379Mortgage P&I$2,443109%Property Taxes$24511%Insurance$1758%Management$27012%CapEx$904%Vacancy$683%Maintenance$904%Other$24811%

Investment Breakdown

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Purchase Price

$499k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$99,800

Closing costs

1%

$4,990

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,250

Total Expenses

$3,629

Mortgage P&I

109%

$2,443

Property Taxes

11%

$245

Home Insurance

8%

$175

HOA

0%

$0

Property Management

12%

$270

CapEx

4%

$90

Vacancy

3%

$68

Maintenance

4%

$90

Other

11%

$248

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