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$2,990 (target)

719 Ridgeway Rd, Joshua, TX 76058

3 beds • 2 baths • 1536 sqft

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This property might be a fair Mid-Term investment with a projected 0.86% first-year return on $75,750 initial cash invested.

0.86%

Cash On Cash

7.2%

Cap Rate

1.12

DSCR

$2,990

Rent

$54

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,990 income − $2,936 expenses = $54 cash flow

Income$2,990Mortgage P&I$1,47549%Property Taxes$34712%Insurance$963%Management$35912%CapEx$1204%Vacancy$903%Maintenance$1204%Other$32911%Cash Flow$54

Investment Breakdown

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Purchase Price

$275k

Downpayment

20.0%

Interest Rate

7.1%

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

$2,990

Total Expenses

$2,936

Mortgage P&I

49%

$1,475

Property Taxes

12%

$347

Home Insurance

3%

$96

HOA

0%

$0

Property Management

12%

$359

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$329

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