This property looks like a bad Long-Term investment with a projected -20.6% first-year return on $97,419 initial cash invested.
-20.6%
Cash On Cash
2.79%
Cap Rate
0.41
DSCR
$2,700
Rent
-$1,672
Cashflow
Cash Flow
$2,700 income − $4,372 expenses = $1,672 out of pocket
Investment Breakdown
|
Purchase Price
$464k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,419
Downpayment
20%
$92,780
Closing costs
1%
$4,639
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,700
Total Expenses
$4,372
Mortgage P&I
97%
$2,615
Property Taxes
33%
$886
Home Insurance
4%
$116
HOA
2%
$53
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
8636 Mill Creek Rd, Irving, TX 75063 | $2,700 | 3 | 2 | 1964 | 0 mi |
8611 Ironwood Dr, Irving, TX 75063 | $2,800 | 3 | 2 | 1858 | 0.3 mi |
8640 Woodcreek Dr, Irving, TX 75063 | $2,850 | 3 | 2 | 1961 | 0.3 mi |
Projection Charts
Investment Value YoY