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$1,829 (target)

1214 Delmita Dr, Forney, TX 75126

3 beds • 2 baths • 1515 sqft

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This property looks like a bad Long-Term investment with a projected -15.02% first-year return on $53,130 initial cash invested.

-15.02%

Cash On Cash

3.35%

Cap Rate

0.55

DSCR

$1,829

Rent

-$665

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,829 income − $2,494 expenses = $665 out of pocket

Income$1,829Out of Pocket$665Mortgage P&I$1,28170%Property Taxes$61634%Insurance$895%HOA$332%Management$18310%CapEx$915%Vacancy$1106%Maintenance$915%

Investment Breakdown

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Purchase Price

$253k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,130

Downpayment

20%

$50,600

Closing costs

1%

$2,530

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,829

Total Expenses

$2,494

Mortgage P&I

70%

$1,281

Property Taxes

34%

$616

Home Insurance

5%

$89

HOA

2%

$33

Property Management

10%

$183

CapEx

5%

$91

Vacancy

6%

$110

Maintenance

5%

$91

Other

0%

$0

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