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$4,172 (target)

120 Hope Cir, McKinney, TX 75071

3 beds • 2 baths • 2157 sqft

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This property looks like a bad Mid-Term investment with a projected -5.94% first-year return on $123k initial cash invested.

-5.94%

Cash On Cash

4.98%

Cap Rate

0.82

DSCR

$4,172

Rent

-$609

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,172 income − $4,781 expenses = $609 out of pocket

Income$4,172Out of Pocket$609Mortgage P&I$2,51560%Property Taxes$67216%Insurance$1754%Management$50112%CapEx$1674%Vacancy$1253%Maintenance$1674%Other$45911%

Investment Breakdown

|

Purchase Price

$500k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$100,000

Closing costs

1%

$5,000

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,172

Total Expenses

$4,781

Mortgage P&I

60%

$2,515

Property Taxes

16%

$672

Home Insurance

4%

$175

HOA

0%

$0

Property Management

12%

$501

CapEx

4%

$167

Vacancy

3%

$125

Maintenance

4%

$167

Other

11%

$459

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