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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 Mid-Term investment with a projected -5.18% first-year return on $113k initial cash invested.

-5.18%

Cash On Cash

5.05%

Cap Rate

0.85

DSCR

$3,944

Rent

-$486

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

$113k

Downpayment

20%

$90,000

Closing costs

1%

$4,500

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,944

Total Expenses

$4,430

Mortgage P&I

56%

$2,221

Property Taxes

18%

$710

Home Insurance

4%

$158

HOA

0%

$0

Property Management

12%

$473

CapEx

4%

$158

Vacancy

3%

$118

Maintenance

4%

$158

Other

11%

$434

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