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$2,845 (target)

8513 Melrose Colony, The Colony, TX 75056

3 beds • 2 baths • 1911 sqft

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This property looks like a bad Long-Term investment with a projected -18.98% first-year return on $106k initial cash invested.

-18.98%

Cash On Cash

2.39%

Cap Rate

0.4

DSCR

$2,845

Rent

-$1,678

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,845 income − $4,523 expenses = $1,678 out of pocket

Income$2,845Out of Pocket$1,678Mortgage P&I$2,54489%Property Taxes$93933%Insurance$2017%HOA$1004%Management$28410%CapEx$1425%Vacancy$1716%Maintenance$1425%

Investment Breakdown

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Purchase Price

$505k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$101k

Closing costs

1%

$5,052

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,845

Total Expenses

$4,523

Mortgage P&I

89%

$2,544

Property Taxes

33%

$939

Home Insurance

7%

$201

HOA

4%

$100

Property Management

10%

$284

CapEx

5%

$142

Vacancy

6%

$171

Maintenance

5%

$142

Other

0%

$0

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