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$2,888 (target)

1706 Lago Michigan, Edinburg, TX 78542

3 beds • 2 baths • 1817 sqft

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This property looks like a bad Mid-Term investment with a projected -7.34% first-year return on $85,347 initial cash invested.

-7.34%

Cash On Cash

4.45%

Cap Rate

0.75

DSCR

$2,888

Rent

-$522

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,888 income − $3,410 expenses = $522 out of pocket

Income$2,888Out of Pocket$522Mortgage P&I$1,59655%Property Taxes$68724%Insurance$1144%HOA$291%Management$34712%CapEx$1164%Vacancy$873%Maintenance$1164%Other$31811%

Investment Breakdown

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Purchase Price

$321k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,347

Downpayment

20%

$64,140

Closing costs

1%

$3,207

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,888

Total Expenses

$3,410

Mortgage P&I

55%

$1,596

Property Taxes

24%

$687

Home Insurance

4%

$114

HOA

1%

$29

Property Management

12%

$347

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$318

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