REI Lense

REI Lense

Unlock all features! Tap here to upgrade

1608 Norman St, Wichita Falls, TX 76302

3 beds • 2 baths • 1796 sqft

Email

This property looks like a bad Airbnb investment with a projected -9.79% first-year return on $61,869 initial cash invested.

-9.79%

Cash On Cash

3.81%

Cap Rate

0.61

DSCR

$1,996

Rent

-$505

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,996 income − $2,501 expenses = $505 out of pocket

Income$1,996Out of Pocket$505Mortgage P&I$1,08955%Property Taxes$36618%Insurance$884%Management$29915%CapEx$804%Maintenance$804%Other$49925%

Investment Breakdown

|

Purchase Price

$209k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,869

Downpayment

20%

$41,780

Closing costs

1%

$2,089

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$1,996

Total Expenses

$2,501

Mortgage P&I

55%

$1,089

Property Taxes

18%

$366

Home Insurance

4%

$88

HOA

0%

$0

Property Management

15%

$299

CapEx

4%

$80

Vacancy

0%

$0

Maintenance

4%

$80

Other

25%

$499

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis