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$3,026 (target)

4035 Merriman 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 2% first-year return on $66,615 initial cash invested.

2%

Cash On Cash

7.53%

Cap Rate

1.19

DSCR

$3,026

Rent

$111

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,026 income − $2,915 expenses = $111 cash flow

Income$3,026Mortgage P&I$1,22140%Property Taxes$58419%Insurance$813%Management$36312%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33311%Cash Flow$111

Investment Breakdown

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Purchase Price

$232k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,615

Downpayment

20%

$46,300

Closing costs

1%

$2,315

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,026

Total Expenses

$2,915

Mortgage P&I

40%

$1,221

Property Taxes

19%

$584

Home Insurance

3%

$81

HOA

0%

$0

Property Management

12%

$363

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$333

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