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2918 15th Ave N, Texas City, TX 77590

3 beds • 1 baths • 1538 sqft

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This property looks like a bad Long-Term investment with a projected -2.79% first-year return on $41,685 initial cash invested.

-2.79%

Cash On Cash

6.13%

Cap Rate

0.99

DSCR

$1,690

Rent

-$97

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$199k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,685

Downpayment

20%

$39,700

Closing costs

1%

$1,985

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,690

Total Expenses

$1,787

Mortgage P&I

61%

$1,027

Property Taxes

15%

$252

Home Insurance

4%

$70

HOA

0%

$0

Property Management

10%

$169

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

3006 14th Ave N, Texas City, TX 77590

$1,675

3

1.5

1542

0.1 mi

3314 1st Ave S, Texas City, TX 77590

$1,750

3

1

1483

1.1 mi

2322 1st Ave N, Texas City, TX 77590

$1,300

3

1

1464

1.1 mi

2821 1st Ave N, Texas City, TX 77590

$1,600

3

1

1439

0.9 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$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

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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