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$3,594 (target)

7 Placid Ct, Odessa, TX 79762

3 beds • 3 baths • 2145 sqft

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This property looks like a bad Mid-Term investment with a projected -0.97% first-year return on $101k initial cash invested.

-0.97%

Cash On Cash

6.16%

Cap Rate

1.03

DSCR

$3,594

Rent

-$82

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,594 income − $3,676 expenses = $82 out of pocket

Income$3,594Out of Pocket$82Mortgage P&I$1,96755%Property Taxes$34710%Insurance$1404%Management$43112%CapEx$1444%Vacancy$1083%Maintenance$1444%Other$39511%

Investment Breakdown

|

Purchase Price

$395k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$79,060

Closing costs

1%

$3,953

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,594

Total Expenses

$3,676

Mortgage P&I

55%

$1,967

Property Taxes

10%

$347

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$431

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$395

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