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$3,914 (target)

622 Fernglade Dr, Richmond, TX 77406

3 beds • 2 baths • 2330 sqft

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This property looks like a bad Mid-Term investment with a projected -4.76% first-year return on $103k initial cash invested.

-4.76%

Cash On Cash

5.57%

Cap Rate

0.88

DSCR

$3,914

Rent

-$408

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,914 income − $4,322 expenses = $408 out of pocket

Income$3,914Out of Pocket$408Mortgage P&I$2,12654%Property Taxes$69618%Insurance$1454%HOA$231%Management$47012%CapEx$1574%Vacancy$1173%Maintenance$1574%Other$43111%

Investment Breakdown

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Purchase Price

$404k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$80,820

Closing costs

1%

$4,041

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,914

Total Expenses

$4,322

Mortgage P&I

54%

$2,126

Property Taxes

18%

$696

Home Insurance

4%

$145

HOA

1%

$23

Property Management

12%

$470

CapEx

4%

$157

Vacancy

3%

$117

Maintenance

4%

$157

Other

11%

$431

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