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6002 Somerset Valley Dr, Richmond, TX 77407

3 beds • 3 baths • 2881 sqft

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This property looks like a bad Mid-Term investment with a projected -6.33% first-year return on $123k initial cash invested.

-6.33%

Cash On Cash

4.76%

Cap Rate

0.81

DSCR

$4,863

Rent

-$649

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$500k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$99,940

Closing costs

1%

$4,997

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,863

Total Expenses

$5,512

Mortgage P&I

50%

$2,435

Property Taxes

24%

$1,163

Home Insurance

4%

$184

HOA

2%

$75

Property Management

12%

$584

CapEx

4%

$195

Vacancy

3%

$146

Maintenance

4%

$195

Other

11%

$535

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