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$2,970 (target)

2807 Balsam St, Longview, TX 75605

3 beds • 2 baths • 1861 sqft

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This property might be a fair Mid-Term investment with a projected 6.26% first-year return on $64,452 initial cash invested.

6.26%

Cash On Cash

8.94%

Cap Rate

1.38

DSCR

$2,970

Rent

$336

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,970 income − $2,634 expenses = $336 cash flow

Income$2,970Mortgage P&I$1,19340%Property Taxes$35212%Insurance$793%Management$35612%CapEx$1194%Vacancy$893%Maintenance$1194%Other$32711%Cash Flow$336

Investment Breakdown

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Purchase Price

$221k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,452

Downpayment

20%

$44,240

Closing costs

1%

$2,212

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,970

Total Expenses

$2,634

Mortgage P&I

40%

$1,193

Property Taxes

12%

$352

Home Insurance

3%

$79

HOA

0%

$0

Property Management

12%

$356

CapEx

4%

$119

Vacancy

3%

$89

Maintenance

4%

$119

Other

11%

$327

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