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$4,839 (target)

2371 Canary Grass Ln, Prosper, TX 75078

3 beds • 3 baths • 2315 sqft

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This property looks like a bad Mid-Term investment with a projected -8.47% first-year return on $139k initial cash invested.

-8.47%

Cash On Cash

4.43%

Cap Rate

0.73

DSCR

$4,839

Rent

-$979

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,839 income − $5,818 expenses = $979 out of pocket

Income$4,839Out of Pocket$979Mortgage P&I$2,91060%Property Taxes$97820%Insurance$2014%HOA$832%Management$58112%CapEx$1944%Vacancy$1453%Maintenance$1944%Other$53211%

Investment Breakdown

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Purchase Price

$575k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$139k

Downpayment

20%

$115k

Closing costs

1%

$5,750

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,839

Total Expenses

$5,818

Mortgage P&I

60%

$2,910

Property Taxes

20%

$978

Home Insurance

4%

$201

HOA

2%

$83

Property Management

12%

$581

CapEx

4%

$194

Vacancy

3%

$145

Maintenance

4%

$194

Other

11%

$532

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