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$4,822 (target)

5825 Ocean Dr, Corpus Christi, TX 78412

3 beds • 3 baths • 2601 sqft

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This property looks like a bad Mid-Term investment with a projected -2.58% first-year return on $124k initial cash invested.

-2.58%

Cash On Cash

6.02%

Cap Rate

0.97

DSCR

$4,822

Rent

-$266

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,822 income − $5,088 expenses = $266 out of pocket

Income$4,822Out of Pocket$266Mortgage P&I$2,59954%Property Taxes$61513%Insurance$1844%HOA$501%Management$57912%CapEx$1934%Vacancy$1453%Maintenance$1934%Other$53011%

Investment Breakdown

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Purchase Price

$503k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$101k

Closing costs

1%

$5,034

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,822

Total Expenses

$5,088

Mortgage P&I

54%

$2,599

Property Taxes

13%

$615

Home Insurance

4%

$184

HOA

1%

$50

Property Management

12%

$579

CapEx

4%

$193

Vacancy

3%

$145

Maintenance

4%

$193

Other

11%

$530

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