REI Lense

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$3,370 (target)

1593 Wigley Rd, Iowa Park, TX 76367

3 beds • 3 baths • 2737 sqft

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This property looks like a bad Mid-Term investment with a projected -8.34% first-year return on $109k initial cash invested.

-8.34%

Cash On Cash

4.33%

Cap Rate

0.72

DSCR

$3,370

Rent

-$760

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,370 income − $4,130 expenses = $760 out of pocket

Income$3,370Out of Pocket$760Mortgage P&I$2,19465%Property Taxes$63819%Insurance$1525%Management$40412%CapEx$1354%Vacancy$1013%Maintenance$1354%Other$37111%

Investment Breakdown

|

Purchase Price

$435k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$86,980

Closing costs

1%

$4,349

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,370

Total Expenses

$4,130

Mortgage P&I

65%

$2,194

Property Taxes

19%

$638

Home Insurance

5%

$152

HOA

0%

$0

Property Management

12%

$404

CapEx

4%

$135

Vacancy

3%

$101

Maintenance

4%

$135

Other

11%

$371

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