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$2,853 (target)

1619 Grassy Pond Rd, Forney, TX 75126

3 beds • 2 baths • 1410 sqft

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This property looks like a bad Mid-Term investment with a projected -3.62% first-year return on $68,925 initial cash invested.

-3.62%

Cash On Cash

6.01%

Cap Rate

0.93

DSCR

$2,853

Rent

-$208

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,853 income − $3,061 expenses = $208 out of pocket

Income$2,853Out of Pocket$208Mortgage P&I$1,30846%Property Taxes$63022%Insurance$863%HOA$672%Management$34212%CapEx$1144%Vacancy$863%Maintenance$1144%Other$31411%

Investment Breakdown

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Purchase Price

$243k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,925

Downpayment

20%

$48,500

Closing costs

1%

$2,425

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,853

Total Expenses

$3,061

Mortgage P&I

46%

$1,308

Property Taxes

22%

$630

Home Insurance

3%

$86

HOA

2%

$67

Property Management

12%

$342

CapEx

4%

$114

Vacancy

3%

$86

Maintenance

4%

$114

Other

11%

$314

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