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7226 Buchanan Dr, Richmond, TX 77469

3 beds • 2 baths • 1740 sqft

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This property looks like a bad Long-Term investment with a projected -8.83% first-year return on $55,986 initial cash invested.

-8.83%

Cash On Cash

4.37%

Cap Rate

0.76

DSCR

$1,950

Rent

-$412

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$267k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,986

Downpayment

20%

$53,320

Closing costs

1%

$2,666

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,950

Total Expenses

$2,362

Mortgage P&I

66%

$1,285

Property Taxes

23%

$453

Home Insurance

5%

$96

HOA

1%

$20

Property Management

10%

$195

CapEx

5%

$98

Vacancy

6%

$117

Maintenance

5%

$98

Other

0%

$0

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Comparable Property

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SQFT

Distance

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2

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2

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1.3 mi

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2

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5

4

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0.6 mi

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2

1

2020

0.9 mi

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$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

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0.9 mi

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$2,850

5

4

3030

0.6 mi

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