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1902 Strait Ln, Garland, TX 75042

2 beds • 2 baths • 1360 sqft

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This property looks like a bad Long-Term investment with a projected -15.82% first-year return on $60,543 initial cash invested.

-15.82%

Cash On Cash

3.15%

Cap Rate

0.52

DSCR

$2,080

Rent

-$798

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$288k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,543

Downpayment

20%

$57,660

Closing costs

1%

$2,883

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,080

Total Expenses

$2,878

Mortgage P&I

70%

$1,450

Property Taxes

28%

$584

Home Insurance

5%

$103

HOA

10%

$200

Property Management

10%

$208

CapEx

5%

$104

Vacancy

6%

$125

Maintenance

5%

$104

Other

0%

$0

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Comparable Property

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Beds

Baths

SQFT

Distance

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2

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3

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4

2

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1.3 mi

1255 S Forest Knoll St

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2

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$2,850

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2

1

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0.9 mi

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$2,850

5

4

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0.6 mi

1255 S Forest Knoll St

$1,100

2

1

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$2,850

5

4

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0.6 mi

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