REI Lense

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$4,851 (target)

303 Ridgewood Dr, Richardson, TX 75080

3 beds • 3 baths • 2622 sqft

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This property looks like a bad Mid-Term investment with a projected -12.83% first-year return on $186k initial cash invested.

-12.83%

Cash On Cash

3.75%

Cap Rate

0.58

DSCR

$4,851

Rent

-$1,989

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,851 income − $6,840 expenses = $1,989 out of pocket

Income$4,851Out of Pocket$1,989Mortgage P&I$4,29388%Property Taxes$61713%Insurance$2806%Management$58212%CapEx$1944%Vacancy$1463%Maintenance$1944%Other$53411%

Investment Breakdown

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Purchase Price

$800k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$186k

Downpayment

20%

$160k

Closing costs

1%

$7,999

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,851

Total Expenses

$6,840

Mortgage P&I

89%

$4,293

Property Taxes

13%

$617

Home Insurance

6%

$280

HOA

0%

$0

Property Management

12%

$582

CapEx

4%

$194

Vacancy

3%

$146

Maintenance

4%

$194

Other

11%

$534

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