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$2,974 (target)

3064 Summit Dr, Belton, TX 76513

3 beds • 2 baths • 1816 sqft

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This property looks like a bad Mid-Term investment with a projected -2.63% first-year return on $84,738 initial cash invested.

-2.63%

Cash On Cash

5.82%

Cap Rate

0.96

DSCR

$2,974

Rent

-$186

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,974 income − $3,160 expenses = $186 out of pocket

Income$2,974Out of Pocket$186Mortgage P&I$1,60854%Property Taxes$42614%Insurance$1154%Management$35712%CapEx$1194%Vacancy$893%Maintenance$1194%Other$32711%

Investment Breakdown

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Purchase Price

$318k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,738

Downpayment

20%

$63,560

Closing costs

1%

$3,178

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,974

Total Expenses

$3,160

Mortgage P&I

54%

$1,608

Property Taxes

14%

$426

Home Insurance

4%

$115

HOA

0%

$0

Property Management

12%

$357

CapEx

4%

$119

Vacancy

3%

$89

Maintenance

4%

$119

Other

11%

$327

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