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$2,422 (target)

2201 SE 22nd Ave, Mineral Wells, TX 76067

3 beds • 2 baths • 1632 sqft

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This property looks like a bad Mid-Term investment with a projected -1.99% first-year return on $74,007 initial cash invested.

-1.99%

Cash On Cash

6.02%

Cap Rate

0.98

DSCR

$2,422

Rent

-$123

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,422 income − $2,545 expenses = $123 out of pocket

Income$2,422Out of Pocket$123Mortgage P&I$1,36356%Property Taxes$26211%Insurance$964%Management$29112%CapEx$974%Vacancy$733%Maintenance$974%Other$26611%

Investment Breakdown

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Purchase Price

$267k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,007

Downpayment

20%

$53,340

Closing costs

1%

$2,667

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,422

Total Expenses

$2,545

Mortgage P&I

56%

$1,363

Property Taxes

11%

$262

Home Insurance

4%

$96

HOA

0%

$0

Property Management

12%

$291

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$266

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