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$2,123 (target)

13006 Rainey Ridge Ln, Abilene, TX 79602

3 beds • 2 baths • 1802 sqft

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This property looks like a bad Long-Term investment with a projected -14.4% first-year return on $89,250 initial cash invested.

-14.4%

Cash On Cash

3.22%

Cap Rate

0.54

DSCR

$2,123

Rent

-$1,071

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,123 income − $3,194 expenses = $1,071 out of pocket

Income$2,123Out of Pocket$1,071Mortgage P&I$2,10499%Property Taxes$39018%Insurance$1497%Management$21210%CapEx$1065%Vacancy$1276%Maintenance$1065%

Investment Breakdown

|

Purchase Price

$425k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,250

Downpayment

20%

$85,000

Closing costs

1%

$4,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,123

Total Expenses

$3,194

Mortgage P&I

99%

$2,104

Property Taxes

18%

$390

Home Insurance

7%

$149

HOA

0%

$0

Property Management

10%

$212

CapEx

5%

$106

Vacancy

6%

$127

Maintenance

5%

$106

Other

0%

$0

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