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$2,906 (target)

1608 Norman St, Wichita Falls, TX 76302

3 beds • 2 baths • 1796 sqft

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This property might be a fair Mid-Term investment with a projected 7.27% first-year return on $61,869 initial cash invested.

7.27%

Cash On Cash

9.08%

Cap Rate

1.45

DSCR

$2,906

Rent

$375

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,906 income − $2,531 expenses = $375 cash flow

Income$2,906Mortgage P&I$1,08937%Property Taxes$36613%Insurance$883%Management$34912%CapEx$1164%Vacancy$873%Maintenance$1164%Other$32011%Cash Flow$375

Investment Breakdown

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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

$2,906

Total Expenses

$2,531

Mortgage P&I

37%

$1,089

Property Taxes

13%

$366

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$349

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$320

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