2144 Callahan Dr

Forney, TX 75126
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3 bd, 2 ba | 1,583 sqft | Built in 2008

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List Price
$197,000

Initial Investment

$54,206

Purchase Price

$189,700

Down Payment

25%

Rent

$1,625

Total Return

$71,305

Annualized Return

17.4%

Cap Rate

4.6%

Gross Yield

10.3%

Cash Flow

-$2,412

Appreciation

7.9%
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Features

Occupancy

Occupied

Lease Start

08/01/2018

Lease End

04/30/2020

Lot Size

5,489

HOA

$30/mo

Flood Risk

Not Required


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Annual Financial Highlights

Expected Rent

$18,525

Expenses

-$5,124

Property Taxes

-$5,500

Loan Payments

-$10,313

Net Cash Flow

-$2,412

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