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$6,674 (target)

2103 Airline Dr, Friendswood, TX 77546

3 beds • 5 baths • 3433 sqft

$1,700,000

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This property looks like a bad Mid-Term investment with a projected -20.32% first-year return on $375k initial cash invested.

-20.32%

Cash On Cash

1.81%

Cap Rate

0.3

DSCR

$6,674

Rent

-$6,351

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,674 income − $13,025 expenses = $6,351 out of pocket

Income$6,674Out of Pocket$6,351Mortgage P&I$8,655130%Property Taxes$1,49822%Insurance$5959%HOA$8Management$80112%CapEx$2674%Vacancy$2003%Maintenance$2674%Other$73411%

Investment Breakdown

|

Purchase Price

$1700k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$375k

Downpayment

20%

$340k

Closing costs

1%

$17,000

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$6,674

Total Expenses

$13,025

Mortgage P&I

130%

$8,655

Property Taxes

22%

$1,498

Home Insurance

9%

$595

HOA

0%

$8

Property Management

12%

$801

CapEx

4%

$267

Vacancy

3%

$200

Maintenance

4%

$267

Other

11%

$734

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