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$5,444 (target)

217 Castle Creek Dr, Red Oak, TX 75154

3 beds • 3 baths • 3856 sqft

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This property looks like a bad Mid-Term investment with a projected -8.49% first-year return on $163k initial cash invested.

-8.49%

Cash On Cash

4.29%

Cap Rate

0.73

DSCR

$5,444

Rent

-$1,151

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,444 income − $6,595 expenses = $1,151 out of pocket

Income$5,444Out of Pocket$1,151Mortgage P&I$3,39462%Property Taxes$1,07420%Insurance$2414%HOA$351%Management$65312%CapEx$2184%Vacancy$1633%Maintenance$2184%Other$59911%

Investment Breakdown

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Purchase Price

$689k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$163k

Downpayment

20%

$138k

Closing costs

1%

$6,890

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,444

Total Expenses

$6,595

Mortgage P&I

62%

$3,394

Property Taxes

20%

$1,074

Home Insurance

4%

$241

HOA

1%

$35

Property Management

12%

$653

CapEx

4%

$218

Vacancy

3%

$163

Maintenance

4%

$218

Other

11%

$599

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