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$1,822 (target)

7321 W 24th St, Odessa, TX 79763

3 beds • 2 baths • 1664 sqft

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This property looks like a bad Long-Term investment with a projected -1.27% first-year return on $48,090 initial cash invested.

-1.27%

Cash On Cash

6.51%

Cap Rate

1.03

DSCR

$1,822

Rent

-$51

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,822 income − $1,873 expenses = $51 out of pocket

Income$1,822Out of Pocket$51Mortgage P&I$1,20266%Property Taxes$1186%Insurance$804%Management$18210%CapEx$915%Vacancy$1096%Maintenance$915%

Investment Breakdown

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Purchase Price

$229k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,090

Downpayment

20%

$45,800

Closing costs

1%

$2,290

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,822

Total Expenses

$1,873

Mortgage P&I

66%

$1,202

Property Taxes

6%

$118

Home Insurance

4%

$80

HOA

0%

$0

Property Management

10%

$182

CapEx

5%

$91

Vacancy

6%

$109

Maintenance

5%

$91

Other

0%

$0

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