REI Lense

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$1,423 (target)

2302 N Akin St, Texarkana, TX 75501

3 beds • 2 baths • 1475 sqft

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This property could be a profitable Long-Term investment with a projected 15.92% first-year return on $22,995 initial cash invested.

15.92%

Cash On Cash

10.42%

Cap Rate

1.65

DSCR

$1,423

Rent

$305

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,423 income − $1,118 expenses = $305 cash flow

Income$1,423Mortgage P&I$57540%Property Taxes$15011%Insurance$242%Management$14210%CapEx$715%Vacancy$856%Maintenance$715%Cash Flow$305

Investment Breakdown

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Purchase Price

$110k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$22,995

Downpayment

20%

$21,900

Closing costs

1%

$1,095

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,423

Total Expenses

$1,118

Mortgage P&I

40%

$575

Property Taxes

11%

$150

Home Insurance

2%

$24

HOA

0%

$0

Property Management

10%

$142

CapEx

5%

$71

Vacancy

6%

$85

Maintenance

5%

$71

Other

0%

$0

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