REI Lense

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$4,036 (target)

2313 Canyon Creek Dr, McKinney, TX 75072

3 beds • 3 baths • 2550 sqft

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This property looks like a bad Mid-Term investment with a projected -2.01% first-year return on $114k initial cash invested.

-2.01%

Cash On Cash

6.23%

Cap Rate

0.99

DSCR

$4,036

Rent

-$191

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,036 income − $4,227 expenses = $191 out of pocket

Income$4,036Out of Pocket$191Mortgage P&I$2,40960%Property Taxes$1965%Insurance$1634%HOA$882%Management$48412%CapEx$1614%Vacancy$1213%Maintenance$1614%Other$44411%

Investment Breakdown

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Purchase Price

$458k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$114k

Downpayment

20%

$91,580

Closing costs

1%

$4,579

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,036

Total Expenses

$4,227

Mortgage P&I

60%

$2,409

Property Taxes

5%

$196

Home Insurance

4%

$163

HOA

2%

$88

Property Management

12%

$484

CapEx

4%

$161

Vacancy

3%

$121

Maintenance

4%

$161

Other

11%

$444

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