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$3,632 (target)

2432 Spoonbill Ct, Mesquite, TX 75181

3 beds • 2 baths • 1503 sqft

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This property might be a fair Mid-Term investment with a projected 6.93% first-year return on $68,379 initial cash invested.

6.93%

Cash On Cash

8.88%

Cap Rate

1.44

DSCR

$3,632

Rent

$395

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,632 income − $3,237 expenses = $395 cash flow

Income$3,632Mortgage P&I$1,23634%Property Taxes$53215%Insurance$842%HOA$1504%Management$43612%CapEx$1454%Vacancy$1093%Maintenance$1454%Other$40011%Cash Flow$395

Investment Breakdown

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Purchase Price

$240k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,379

Downpayment

20%

$47,980

Closing costs

1%

$2,399

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,632

Total Expenses

$3,237

Mortgage P&I

34%

$1,236

Property Taxes

15%

$532

Home Insurance

2%

$84

HOA

4%

$150

Property Management

12%

$436

CapEx

4%

$145

Vacancy

3%

$109

Maintenance

4%

$145

Other

11%

$400

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