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$2,991 (target)

118 London Ln, Glenn Heights, TX 75154

3 beds • 2 baths • 1140 sqft

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This property might be a fair Mid-Term investment with a projected 2.28% first-year return on $70,563 initial cash invested.

2.28%

Cash On Cash

7.49%

Cap Rate

1.19

DSCR

$2,991

Rent

$134

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,991 income − $2,857 expenses = $134 cash flow

Income$2,991Mortgage P&I$1,30944%Property Taxes$44115%Insurance$893%Management$35912%CapEx$1204%Vacancy$903%Maintenance$1204%Other$32911%Cash Flow$134

Investment Breakdown

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Purchase Price

$250k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,563

Downpayment

20%

$50,060

Closing costs

1%

$2,503

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,991

Total Expenses

$2,857

Mortgage P&I

44%

$1,309

Property Taxes

15%

$441

Home Insurance

3%

$89

HOA

0%

$0

Property Management

12%

$359

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$329

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