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$2,974 (target)

11424 Spence Ln, Balch Springs, TX 75180

3 beds • 2 baths • 1477 sqft

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This property looks like a bad Mid-Term investment with a projected -9.73% first-year return on $95,700 initial cash invested.

-9.73%

Cash On Cash

4.07%

Cap Rate

0.66

DSCR

$2,974

Rent

-$776

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,974 income − $3,750 expenses = $776 out of pocket

Income$2,974Out of Pocket$776Mortgage P&I$1,91264%Property Taxes$69723%Insurance$1304%Management$35712%CapEx$1194%Vacancy$893%Maintenance$1194%Other$32711%

Investment Breakdown

|

Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,700

Downpayment

20%

$74,000

Closing costs

1%

$3,700

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,974

Total Expenses

$3,750

Mortgage P&I

64%

$1,912

Property Taxes

23%

$697

Home Insurance

4%

$130

HOA

0%

$0

Property Management

12%

$357

CapEx

4%

$119

Vacancy

3%

$89

Maintenance

4%

$119

Other

11%

$327

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