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3005 Heron Ave, McAllen, TX 78504

3 beds • 2 baths • 1972 sqft

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This property looks like a bad Long-Term investment with a projected -12.2% first-year return on $64,050 initial cash invested.

-12.2%

Cash On Cash

3.6%

Cap Rate

0.62

DSCR

$1,709

Rent

-$651

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$305k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,050

Downpayment

20%

$61,000

Closing costs

1%

$3,050

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,709

Total Expenses

$2,360

Mortgage P&I

87%

$1,481

Property Taxes

19%

$328

Home Insurance

6%

$107

HOA

0%

$0

Property Management

10%

$171

CapEx

5%

$85

Vacancy

6%

$103

Maintenance

5%

$85

Other

0%

$0

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