REI Lense

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$1,642 (target)

2005 Burroughs St, Wichita Falls, TX 76309

3 beds • 2 baths • 1505 sqft

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This property looks like a bad Long-Term investment with a projected -2.47% first-year return on $37,401 initial cash invested.

-2.47%

Cash On Cash

6.29%

Cap Rate

1.01

DSCR

$1,642

Rent

-$77

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,642 income − $1,719 expenses = $77 out of pocket

Income$1,642Out of Pocket$77Mortgage P&I$92957%Property Taxes$29318%Insurance$704%Management$16410%CapEx$825%Vacancy$996%Maintenance$825%

Investment Breakdown

|

Purchase Price

$178k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$37,401

Downpayment

20%

$35,620

Closing costs

1%

$1,781

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,642

Total Expenses

$1,719

Mortgage P&I

57%

$929

Property Taxes

18%

$293

Home Insurance

4%

$70

HOA

0%

$0

Property Management

10%

$164

CapEx

5%

$82

Vacancy

6%

$99

Maintenance

5%

$82

Other

0%

$0

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