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1157 N 3rd St, Wills Point, TX 75169

3 beds • 2 baths • 1630 sqft

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This property looks like a bad Long-Term investment with a projected -15.44% first-year return on $65,604 initial cash invested.

-15.44%

Cash On Cash

2.95%

Cap Rate

0.5

DSCR

$1,800

Rent

-$844

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$312k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,604

Downpayment

20%

$62,480

Closing costs

1%

$3,124

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,800

Total Expenses

$2,644

Mortgage P&I

85%

$1,522

Property Taxes

30%

$543

Home Insurance

6%

$111

HOA

0%

$0

Property Management

10%

$180

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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