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507 Sheffield Dr, Longview, TX 75605

3 beds • 2 baths • 2674 sqft

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This property looks like a bad Long-Term investment with a projected -16.95% first-year return on $70,434 initial cash invested.

-16.95%

Cash On Cash

2.87%

Cap Rate

0.47

DSCR

$1,930

Rent

-$995

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$335k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,434

Downpayment

20%

$67,080

Closing costs

1%

$3,354

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,930

Total Expenses

$2,925

Mortgage P&I

88%

$1,701

Property Taxes

31%

$601

Home Insurance

6%

$122

HOA

0%

$0

Property Management

10%

$193

CapEx

5%

$96

Vacancy

6%

$116

Maintenance

5%

$96

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

2007 Wood Pl, Longview, TX 75601

$2,595

3

2

2600

1.8 mi

2802 Tryon Rd, Longview, TX 75605

$1,995

3

2

2500

2.3 mi

408 Sheffield Dr, Longview, TX 75605

$2,000

3

2

2100

0.1 mi

2021 Oak Forest Country Club Dr, Longview, TX 75605

$2,400

3

2.5

2444

0.9 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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