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2622 Covington Dr, Garland, TX 75040

3 beds • 3 baths • 2451 sqft

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This property looks like a bad Long-Term investment with a projected -10.42% first-year return on $93,975 initial cash invested.

-10.42%

Cash On Cash

4.07%

Cap Rate

0.7

DSCR

$3,183

Rent

-$816

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$448k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,975

Downpayment

20%

$89,500

Closing costs

1%

$4,475

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,183

Total Expenses

$3,999

Mortgage P&I

68%

$2,173

Property Taxes

27%

$866

Home Insurance

4%

$127

HOA

0%

$6

Property Management

10%

$318

CapEx

5%

$159

Vacancy

6%

$191

Maintenance

5%

$159

Other

0%

$0

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