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2448 Clearspring Dr N, Irving, TX 75063

3 beds • 3 baths • 2715 sqft

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This property looks like a bad Long-Term investment with a projected -19.12% first-year return on $154k initial cash invested.

-19.12%

Cash On Cash

2.21%

Cap Rate

0.37

DSCR

$3,620

Rent

-$2,459

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$735k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$154k

Downpayment

20%

$147k

Closing costs

1%

$7,350

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,620

Total Expenses

$6,079

Mortgage P&I

100%

$3,633

Property Taxes

28%

$1,015

Home Insurance

7%

$257

HOA

6%

$233

Property Management

10%

$362

CapEx

5%

$181

Vacancy

6%

$217

Maintenance

5%

$181

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

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3

2.5

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0.7 mi

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4

2

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1.3 mi

1255 S Forest Knoll St

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2

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0.9 mi

2022 S American St

$2,850

5

4

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0.6 mi

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2

1

2020

0.9 mi

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$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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