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$3,291 (target)

1513 Meadow Way, Garland, TX 75042

3 beds • 2 baths • 1586 sqft

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This property might be a fair Mid-Term investment with a projected 2.15% first-year return on $74,700 initial cash invested.

2.15%

Cash On Cash

7.46%

Cap Rate

1.19

DSCR

$3,291

Rent

$134

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,291 income − $3,157 expenses = $134 cash flow

Income$3,291Mortgage P&I$1,41243%Property Taxes$53116%Insurance$943%Management$39512%CapEx$1324%Vacancy$993%Maintenance$1324%Other$36211%Cash Flow$134

Investment Breakdown

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Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,700

Downpayment

20%

$54,000

Closing costs

1%

$2,700

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,291

Total Expenses

$3,157

Mortgage P&I

43%

$1,412

Property Taxes

16%

$531

Home Insurance

3%

$94

HOA

0%

$0

Property Management

12%

$395

CapEx

4%

$132

Vacancy

3%

$99

Maintenance

4%

$132

Other

11%

$362

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