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$2,240 (target)

201 Springridge Dr, Texarkana, TX 75501

3 beds • 2 baths • 2016 sqft

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This property might be a fair Mid-Term investment with a projected 5.86% first-year return on $61,029 initial cash invested.

5.86%

Cash On Cash

8.5%

Cap Rate

1.36

DSCR

$2,240

Rent

$298

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,240 income − $1,942 expenses = $298 cash flow

Income$2,240Mortgage P&I$1,06448%Property Taxes$442%Insurance$723%Management$26912%CapEx$904%Vacancy$673%Maintenance$904%Other$24611%Cash Flow$298

Investment Breakdown

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Purchase Price

$205k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,029

Downpayment

20%

$40,980

Closing costs

1%

$2,049

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,240

Total Expenses

$1,942

Mortgage P&I

48%

$1,064

Property Taxes

2%

$44

Home Insurance

3%

$72

HOA

0%

$0

Property Management

12%

$269

CapEx

4%

$90

Vacancy

3%

$67

Maintenance

4%

$90

Other

11%

$246

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