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$5,799 (target)

6224 Montage Dr, McKinney, TX 75071

3 beds • 4 baths • 2814 sqft

$1,019,999

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This property looks like a bad Mid-Term investment with a projected -15.94% first-year return on $232k initial cash invested.

-15.94%

Cash On Cash

2.51%

Cap Rate

0.43

DSCR

$5,799

Rent

-$3,084

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,799 income − $8,883 expenses = $3,084 out of pocket

Income$5,799Out of Pocket$3,084Mortgage P&I$4,98886%Property Taxes$1,40424%Insurance$3576%HOA$1623%Management$69612%CapEx$2324%Vacancy$1743%Maintenance$2324%Other$63811%

Investment Breakdown

|

Purchase Price

$1020k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$232k

Downpayment

20%

$204k

Closing costs

1%

$10,200

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,799

Total Expenses

$8,883

Mortgage P&I

86%

$4,988

Property Taxes

24%

$1,404

Home Insurance

6%

$357

HOA

3%

$162

Property Management

12%

$696

CapEx

4%

$232

Vacancy

3%

$174

Maintenance

4%

$232

Other

11%

$638

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