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$2,623 (target)

415 Morningside Dr, Friendswood, TX 77546

3 beds • 2 baths • 1698 sqft

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This property might be a fair Long-Term investment with a projected 2.07% first-year return on $55,650 initial cash invested.

2.07%

Cash On Cash

7.28%

Cap Rate

1.16

DSCR

$2,623

Rent

$96

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,623 income − $2,527 expenses = $96 cash flow

Income$2,623Mortgage P&I$1,38053%Property Taxes$37314%Insurance$934%Management$26210%CapEx$1315%Vacancy$1576%Maintenance$1315%Cash Flow$96

Investment Breakdown

|

Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,650

Downpayment

20%

$53,000

Closing costs

1%

$2,650

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,623

Total Expenses

$2,527

Mortgage P&I

53%

$1,380

Property Taxes

14%

$373

Home Insurance

4%

$93

HOA

0%

$0

Property Management

10%

$262

CapEx

5%

$131

Vacancy

6%

$157

Maintenance

5%

$131

Other

0%

$0

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