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$2,700 (target)

313 Meadowcreek Ln, Garland, TX 75043

3 beds • 2 baths • 1113 sqft

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This property might be a fair Mid-Term investment with a projected 1.02% first-year return on $68,400 initial cash invested.

1.02%

Cash On Cash

7.27%

Cap Rate

1.13

DSCR

$2,700

Rent

$58

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,700 income − $2,642 expenses = $58 cash flow

Income$2,700Mortgage P&I$1,28848%Property Taxes$35213%Insurance$843%Management$32412%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29711%Cash Flow$58

Investment Breakdown

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Purchase Price

$240k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,400

Downpayment

20%

$48,000

Closing costs

1%

$2,400

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,700

Total Expenses

$2,642

Mortgage P&I

48%

$1,288

Property Taxes

13%

$352

Home Insurance

3%

$84

HOA

0%

$0

Property Management

12%

$324

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$297

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