REI Lense

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$1,937 (target)

1608 Norman St, Wichita Falls, TX 76302

3 beds • 2 baths • 1796 sqft

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This property looks like a bad Long-Term investment with a projected -3.01% first-year return on $43,869 initial cash invested.

-3.01%

Cash On Cash

6.18%

Cap Rate

0.99

DSCR

$1,937

Rent

-$110

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,937 income − $2,047 expenses = $110 out of pocket

Income$1,937Out of Pocket$110Mortgage P&I$1,08956%Property Taxes$36619%Insurance$885%Management$19410%CapEx$975%Vacancy$1166%Maintenance$975%

Investment Breakdown

|

Purchase Price

$209k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$43,869

Downpayment

20%

$41,780

Closing costs

1%

$2,089

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,937

Total Expenses

$2,047

Mortgage P&I

56%

$1,089

Property Taxes

19%

$366

Home Insurance

5%

$88

HOA

0%

$0

Property Management

10%

$194

CapEx

5%

$97

Vacancy

6%

$116

Maintenance

5%

$97

Other

0%

$0

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