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$5,216 (target)

1324 Sandpiper Dr, Forney, TX 75126

3 beds • 3 baths • 2896 sqft

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This property might be a fair Mid-Term investment with a projected 5% first-year return on $104k initial cash invested.

5%

Cash On Cash

7.78%

Cap Rate

1.32

DSCR

$5,216

Rent

$434

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,216 income − $4,782 expenses = $434 cash flow

Income$5,216Mortgage P&I$2,01439%Property Taxes$81016%Insurance$1443%HOA$401%Management$62612%CapEx$2094%Vacancy$1563%Maintenance$2094%Other$57411%Cash Flow$434

Investment Breakdown

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Purchase Price

$410k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$82,000

Closing costs

1%

$4,100

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$5,216

Total Expenses

$4,782

Mortgage P&I

39%

$2,014

Property Taxes

16%

$810

Home Insurance

3%

$144

HOA

1%

$40

Property Management

12%

$626

CapEx

4%

$209

Vacancy

3%

$156

Maintenance

4%

$209

Other

11%

$574

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