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$3,699 (target)

456 Ridge Meade Dr, Lewisville, TX 75067

3 beds • 2 baths • 1918 sqft

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This property looks like a bad Mid-Term investment with a projected -3.77% first-year return on $109k initial cash invested.

-3.77%

Cash On Cash

5.61%

Cap Rate

0.91

DSCR

$3,699

Rent

-$343

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,699 income − $4,042 expenses = $343 out of pocket

Income$3,699Out of Pocket$343Mortgage P&I$2,22160%Property Taxes$35910%Insurance$1584%HOA$461%Management$44412%CapEx$1484%Vacancy$1113%Maintenance$1484%Other$40711%

Investment Breakdown

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Purchase Price

$434k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$86,740

Closing costs

1%

$4,337

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,699

Total Expenses

$4,042

Mortgage P&I

60%

$2,221

Property Taxes

10%

$359

Home Insurance

4%

$158

HOA

1%

$46

Property Management

12%

$444

CapEx

4%

$148

Vacancy

3%

$111

Maintenance

4%

$148

Other

11%

$407

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