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$2,625 (target)

303 W 3rd St, Rockport, TX 78382

3 beds • 2 baths • 1390 sqft

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This property could be a profitable Mid-Term investment with a projected 21.05% first-year return on $48,450 initial cash invested.

21.05%

Cash On Cash

14.19%

Cap Rate

2.26

DSCR

$2,625

Rent

$850

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,625 income − $1,775 expenses = $850 cash flow

Income$2,625Mortgage P&I$76029%Property Taxes$713%Insurance$512%Management$31512%CapEx$1054%Vacancy$793%Maintenance$1054%Other$28911%Cash Flow$850

Investment Breakdown

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Purchase Price

$145k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,450

Downpayment

20%

$29,000

Closing costs

1%

$1,450

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$2,625

Total Expenses

$1,775

Mortgage P&I

29%

$760

Property Taxes

3%

$71

Home Insurance

2%

$51

HOA

0%

$0

Property Management

12%

$315

CapEx

4%

$105

Vacancy

3%

$79

Maintenance

4%

$105

Other

11%

$289

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