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$2,463 (target)

2005 Burroughs St, Wichita Falls, TX 76309

3 beds • 2 baths • 1505 sqft

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This property might be a fair Mid-Term investment with a projected 7.19% first-year return on $55,401 initial cash invested.

7.19%

Cash On Cash

9.16%

Cap Rate

1.46

DSCR

$2,463

Rent

$332

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,463 income − $2,131 expenses = $332 cash flow

Income$2,463Mortgage P&I$92938%Property Taxes$29312%Insurance$703%Management$29612%CapEx$994%Vacancy$743%Maintenance$994%Other$27111%Cash Flow$332

Investment Breakdown

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Purchase Price

$178k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,401

Downpayment

20%

$35,620

Closing costs

1%

$1,781

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,463

Total Expenses

$2,131

Mortgage P&I

38%

$929

Property Taxes

12%

$293

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$296

CapEx

4%

$99

Vacancy

3%

$74

Maintenance

4%

$99

Other

11%

$271

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