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$3,034 (target)

7024 N 15th Ln, McAllen, TX 78504

3 beds • 2 baths • 1626 sqft

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This property might be a fair Mid-Term investment with a projected 1.11% first-year return on $75,750 initial cash invested.

1.11%

Cash On Cash

7.5%

Cap Rate

1.13

DSCR

$3,034

Rent

$70

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,034 income − $2,964 expenses = $70 cash flow

Income$3,034Mortgage P&I$1,52750%Property Taxes$31010%Insurance$963%Management$36412%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33411%Cash Flow$70

Investment Breakdown

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Purchase Price

$275k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,750

Downpayment

20%

$55,000

Closing costs

1%

$2,750

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,034

Total Expenses

$2,964

Mortgage P&I

50%

$1,527

Property Taxes

10%

$310

Home Insurance

3%

$96

HOA

0%

$0

Property Management

12%

$364

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$334

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