Property Information

SOLD
Gannon Drive @ Plano. 3Bds/2Ba
Gannon Drive
Plano, TX 75025
1982 built Plano TX Home.
Square Feet1,747
Purchase Price$119,900
Initial Market Value$140,998
Downpayment$23,980
Closing Costs$7,017
Initial Cash Invested$30,997
Income & ExpensesMonthlyAnnual
Gross Rent$1,350$16,200
Vacancy Losses$47$567
Operating Income$1,303$15,633
Operating Expenses$522$6,261
Net PerformanceMonthlyAnnual
Net Operating Income$781$9,372
- Mortgage Payments$515$6,179
= Cash Flow$266$3,193
+ Principal Reduction$118$1,415
+ First-Year Appreciation$2,228$26,738
= Gross Equity Income$2,612$31,346
Financial Indicators
Capitalization Rate7.8%
Cash on Cash Return10%
Total Return on Investment101%
Assumptions
Real Estate Appreciation Rate4%
Vacancy Rate4%
Management Fee9%
Comments
Nice house, good Plano location, sold AS IS.
Might need about $10K work. Roof, foundation and ac look good. mostly needs paint, flooring appliances and some other updates bring your own ideas.
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.