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2117 Martin Luther King Blvd, Palestine, TX 75803
3 beds • 2 baths • 2242 sqft
$329,000
View on ZillowThis property looks like a bad Long-Term investment with a projected -11.05% first-year return on $69,090 initial cash invested.
-11.05%
Cash On Cash
3.98%
Cap Rate
0.67
DSCR
$1,864
Rent
-$636
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,864 income − $2,500 expenses = $636 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,090
Downpayment
20%
$65,800
Closing costs
1%
$3,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,864
Total Expenses
$2,500
Mortgage P&I
88%
$1,635
Property Taxes
14%
$266
Home Insurance
6%
$115
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0