REI Lense

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$2,988 (target)

113 Westridge Dr, Springtown, TX 76082

3 beds • 2 baths • 1259 sqft

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This property might be a fair Mid-Term investment with a projected 2.18% first-year return on $67,182 initial cash invested.

2.18%

Cash On Cash

7.6%

Cap Rate

1.2

DSCR

$2,988

Rent

$122

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,988 income − $2,866 expenses = $122 cash flow

Income$2,988Mortgage P&I$1,24142%Property Taxes$52318%Insurance$843%Management$35912%CapEx$1204%Vacancy$903%Maintenance$1204%Other$32911%Cash Flow$122

Investment Breakdown

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Purchase Price

$234k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,182

Downpayment

20%

$46,840

Closing costs

1%

$2,342

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,988

Total Expenses

$2,866

Mortgage P&I

42%

$1,241

Property Taxes

18%

$523

Home Insurance

3%

$84

HOA

0%

$0

Property Management

12%

$359

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$329

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