REI Lense

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$4,442 (target)

2206 Morning Glory Dr, Richardson, TX 75082

3 beds • 2 baths • 2203 sqft

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This property looks like a bad Mid-Term investment with a projected -2.92% first-year return on $109k initial cash invested.

-2.92%

Cash On Cash

6.34%

Cap Rate

0.96

DSCR

$4,442

Rent

-$266

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,442 income − $4,708 expenses = $266 out of pocket

Income$4,442Out of Pocket$266Mortgage P&I$2,38554%Property Taxes$66015%Insurance$1523%Management$53312%CapEx$1784%Vacancy$1333%Maintenance$1784%Other$48911%

Investment Breakdown

|

Purchase Price

$435k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$87,000

Closing costs

1%

$4,350

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,442

Total Expenses

$4,708

Mortgage P&I

54%

$2,385

Property Taxes

15%

$660

Home Insurance

3%

$152

HOA

0%

$0

Property Management

12%

$533

CapEx

4%

$178

Vacancy

3%

$133

Maintenance

4%

$178

Other

11%

$489

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