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221 Melany Ln, Longview, TX 75605

3 beds • 3 baths • 2086 sqft

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This property looks like a bad Long-Term investment with a projected -2.3% first-year return on $64,134 initial cash invested.

-2.3%

Cash On Cash

5.75%

Cap Rate

1

DSCR

$2,441

Rent

-$123

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$305k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,134

Downpayment

20%

$61,080

Closing costs

1%

$3,054

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,441

Total Expenses

$2,564

Mortgage P&I

60%

$1,465

Property Taxes

15%

$357

Home Insurance

4%

$108

HOA

0%

$0

Property Management

10%

$244

CapEx

5%

$122

Vacancy

6%

$146

Maintenance

5%

$122

Other

0%

$0

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