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$2,907 (target)

4019 Melody Ln, Odessa, TX 79762

3 beds • 2 baths • 1160 sqft

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This property could be a profitable Mid-Term investment with a projected 12.89% first-year return on $62,100 initial cash invested.

12.89%

Cash On Cash

10.73%

Cap Rate

1.72

DSCR

$2,907

Rent

$667

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,907 income − $2,240 expenses = $667 cash flow

Income$2,907Mortgage P&I$1,09538%Property Taxes$833%Insurance$743%Management$34912%CapEx$1164%Vacancy$873%Maintenance$1164%Other$32011%Cash Flow$667

Investment Breakdown

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Purchase Price

$210k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,100

Downpayment

20%

$42,000

Closing costs

1%

$2,100

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,907

Total Expenses

$2,240

Mortgage P&I

38%

$1,095

Property Taxes

3%

$83

Home Insurance

3%

$74

HOA

0%

$0

Property Management

12%

$349

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$320

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