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$4,299 (target)

524 Salem Dr, Richardson, TX 75080

3 beds • 2 baths • 1801 sqft

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This property looks like a bad Mid-Term investment with a projected -1.82% first-year return on $106k initial cash invested.

-1.82%

Cash On Cash

6.01%

Cap Rate

1.01

DSCR

$4,299

Rent

-$161

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,299 income − $4,460 expenses = $161 out of pocket

Income$4,299Out of Pocket$161Mortgage P&I$2,09449%Property Taxes$75718%Insurance$1473%Management$51612%CapEx$1724%Vacancy$1293%Maintenance$1724%Other$47311%

Investment Breakdown

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Purchase Price

$420k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$84,000

Closing costs

1%

$4,200

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,299

Total Expenses

$4,460

Mortgage P&I

49%

$2,094

Property Taxes

18%

$757

Home Insurance

3%

$147

HOA

0%

$0

Property Management

12%

$516

CapEx

4%

$172

Vacancy

3%

$129

Maintenance

4%

$172

Other

11%

$473

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