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$3,477 (target)

2942 Medlin Rd, Gilmer, TX 75645

3 beds • 3 baths • 2364 sqft

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This property could be a profitable Mid-Term investment with a projected 12.42% first-year return on $67,056 initial cash invested.

12.42%

Cash On Cash

10.64%

Cap Rate

1.67

DSCR

$3,477

Rent

$694

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,477 income − $2,783 expenses = $694 cash flow

Income$3,477Mortgage P&I$1,23836%Property Taxes$2808%Insurance$842%Management$41712%CapEx$1394%Vacancy$1043%Maintenance$1394%Other$38211%Cash Flow$694

Investment Breakdown

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Purchase Price

$234k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,056

Downpayment

20%

$46,720

Closing costs

1%

$2,336

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,477

Total Expenses

$2,783

Mortgage P&I

36%

$1,238

Property Taxes

8%

$280

Home Insurance

2%

$84

HOA

0%

$0

Property Management

12%

$417

CapEx

4%

$139

Vacancy

3%

$104

Maintenance

4%

$139

Other

11%

$382

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