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$3,244 (target)

4004 Ridgetop Dr, Heartland, TX 75126

3 beds • 2 baths • 1404 sqft

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This property might be a fair Mid-Term investment with a projected 3.58% first-year return on $68,400 initial cash invested.

3.58%

Cash On Cash

8.02%

Cap Rate

1.26

DSCR

$3,244

Rent

$204

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,244 income − $3,040 expenses = $204 cash flow

Income$3,244Mortgage P&I$1,27039%Property Taxes$56617%Insurance$843%HOA$171%Management$38912%CapEx$1304%Vacancy$973%Maintenance$1304%Other$35711%Cash Flow$204

Investment Breakdown

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Purchase Price

$240k

Downpayment

20.0%

Interest Rate

6.9%

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

$3,244

Total Expenses

$3,040

Mortgage P&I

39%

$1,270

Property Taxes

17%

$566

Home Insurance

3%

$84

HOA

1%

$17

Property Management

12%

$389

CapEx

4%

$130

Vacancy

3%

$97

Maintenance

4%

$130

Other

11%

$357

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