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1604 Meadowgate Dr, Richardson, TX 75081

3 beds • 2 baths • 2210 sqft

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This property looks like a bad Long-Term investment with a projected -14.51% first-year return on $94,500 initial cash invested.

-14.51%

Cash On Cash

3.22%

Cap Rate

0.54

DSCR

$2,629

Rent

-$1,143

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,500

Downpayment

20%

$90,000

Closing costs

1%

$4,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,629

Total Expenses

$3,772

Mortgage P&I

84%

$2,221

Property Taxes

27%

$710

Home Insurance

6%

$158

HOA

0%

$0

Property Management

10%

$263

CapEx

5%

$131

Vacancy

6%

$158

Maintenance

5%

$131

Other

0%

$0

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