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$4,768 (target)

316 Morningside Dr, Friendswood, TX 77546

3 beds • 6 baths • 5611 sqft

$2,300,000

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This property looks like a bad Mid-Term investment with a projected -25.49% first-year return on $501k initial cash invested.

-25.49%

Cash On Cash

0.64%

Cap Rate

0.11

DSCR

$4,768

Rent

-$10,640

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,768 income − $15,408 expenses = $10,640 out of pocket

Income$4,768Out of Pocket$10,640Mortgage P&I$11,678245%Property Taxes$1,30427%Insurance$80517%Management$57212%CapEx$1914%Vacancy$1433%Maintenance$1914%Other$52411%

Investment Breakdown

|

Purchase Price

$2300k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$501k

Downpayment

20%

$460k

Closing costs

1%

$23,000

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$4,768

Total Expenses

$15,408

Mortgage P&I

245%

$11,678

Property Taxes

27%

$1,304

Home Insurance

17%

$805

HOA

0%

$0

Property Management

12%

$572

CapEx

4%

$191

Vacancy

3%

$143

Maintenance

4%

$191

Other

11%

$524

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