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$2,996 (target)

2402 Colonial Ridge Dr, Friendswood, TX 77546

3 beds • 2 baths • 1557 sqft

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This property looks like a bad Mid-Term investment with a projected -1.54% first-year return on $77,850 initial cash invested.

-1.54%

Cash On Cash

6.75%

Cap Rate

1.01

DSCR

$2,996

Rent

-$100

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,996 income − $3,096 expenses = $100 out of pocket

Income$2,996Out of Pocket$100Mortgage P&I$1,58353%Property Taxes$37513%Insurance$1003%HOA$181%Management$36012%CapEx$1204%Vacancy$903%Maintenance$1204%Other$33011%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,850

Downpayment

20%

$57,000

Closing costs

1%

$2,850

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,996

Total Expenses

$3,096

Mortgage P&I

53%

$1,583

Property Taxes

13%

$375

Home Insurance

3%

$100

HOA

1%

$18

Property Management

12%

$360

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$330

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