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$3,456 (target)

22 Colonial Dr, Wichita Falls, TX 76306

3 beds • 3 baths • 1844 sqft

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This property might be a fair Mid-Term investment with a projected 3.79% first-year return on $80,496 initial cash invested.

3.79%

Cash On Cash

7.7%

Cap Rate

1.26

DSCR

$3,456

Rent

$254

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,456 income − $3,202 expenses = $254 cash flow

Income$3,456Mortgage P&I$1,51844%Property Taxes$41112%Insurance$983%Management$41512%CapEx$1384%Vacancy$1043%Maintenance$1384%Other$38011%Cash Flow$254

Investment Breakdown

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Purchase Price

$298k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,496

Downpayment

20%

$59,520

Closing costs

1%

$2,976

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,456

Total Expenses

$3,202

Mortgage P&I

44%

$1,518

Property Taxes

12%

$411

Home Insurance

3%

$98

HOA

0%

$0

Property Management

12%

$415

CapEx

4%

$138

Vacancy

3%

$104

Maintenance

4%

$138

Other

11%

$380

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