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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 Mid-Term investment with a projected -3.29% first-year return on $82,050 initial cash invested.

-3.29%

Cash On Cash

5.35%

Cap Rate

0.92

DSCR

$2,564

Rent

-$225

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

$82,050

Downpayment

20%

$61,000

Closing costs

1%

$3,050

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,564

Total Expenses

$2,789

Mortgage P&I

58%

$1,481

Property Taxes

13%

$328

Home Insurance

4%

$107

HOA

0%

$0

Property Management

12%

$308

CapEx

4%

$103

Vacancy

3%

$77

Maintenance

4%

$103

Other

11%

$282

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