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$2,470 (target)

1900 SE 26th Ave, Mineral Wells, TX 76067

3 beds • 2 baths • 1244 sqft

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This property might be a fair Mid-Term investment with a projected 7.57% first-year return on $52,440 initial cash invested.

7.57%

Cash On Cash

9.4%

Cap Rate

1.5

DSCR

$2,470

Rent

$331

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,470 income − $2,139 expenses = $331 cash flow

Income$2,470Mortgage P&I$85435%Property Taxes$38816%Insurance$572%Management$29612%CapEx$994%Vacancy$743%Maintenance$994%Other$27211%Cash Flow$331

Investment Breakdown

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Purchase Price

$164k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,440

Downpayment

20%

$32,800

Closing costs

1%

$1,640

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,470

Total Expenses

$2,139

Mortgage P&I

35%

$854

Property Taxes

16%

$388

Home Insurance

2%

$57

HOA

0%

$0

Property Management

12%

$296

CapEx

4%

$99

Vacancy

3%

$74

Maintenance

4%

$99

Other

11%

$272

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