REI Lense

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$1,966 (target)

1417 N 7th St, Wichita Falls, TX 76306

3 beds • 2 baths • 1196 sqft

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This property could be a profitable Mid-Term investment with a projected 10.61% first-year return on $44,775 initial cash invested.

10.61%

Cash On Cash

10.77%

Cap Rate

1.71

DSCR

$1,966

Rent

$396

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,966 income − $1,570 expenses = $396 cash flow

Income$1,966Mortgage P&I$66934%Property Taxes$18710%Insurance$452%Management$23612%CapEx$794%Vacancy$593%Maintenance$794%Other$21611%Cash Flow$396

Investment Breakdown

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Purchase Price

$128k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,775

Downpayment

20%

$25,500

Closing costs

1%

$1,275

Rehab

0%

$0

Furnishing

14%

$18,000

Cashflow

Total Income

$1,966

Total Expenses

$1,570

Mortgage P&I

34%

$669

Property Taxes

10%

$187

Home Insurance

2%

$45

HOA

0%

$0

Property Management

12%

$236

CapEx

4%

$79

Vacancy

3%

$59

Maintenance

4%

$79

Other

11%

$216

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