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2500 Pelican Ave, McAllen, TX 78504

3 beds • 2 baths • 1701 sqft

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This property looks like a bad Mid-Term investment with a projected -2.94% first-year return on $74,994 initial cash invested.

-2.94%

Cash On Cash

5.55%

Cap Rate

0.94

DSCR

$2,590

Rent

-$184

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$271k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,994

Downpayment

20%

$54,280

Closing costs

1%

$2,714

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,590

Total Expenses

$2,774

Mortgage P&I

52%

$1,335

Property Taxes

18%

$459

Home Insurance

4%

$98

HOA

0%

$0

Property Management

12%

$311

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$285

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