REI Lense

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$2,409 (target)

233 E James St, Wills Point, TX 75169

3 beds • 2 baths • 1804 sqft

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This property might be a fair Mid-Term investment with a projected 0.92% first-year return on $70,500 initial cash invested.

0.92%

Cash On Cash

6.82%

Cap Rate

1.12

DSCR

$2,409

Rent

$54

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,409 income − $2,355 expenses = $54 cash flow

Income$2,409Mortgage P&I$1,27153%Property Taxes$1787%Insurance$884%Management$28912%CapEx$964%Vacancy$723%Maintenance$964%Other$26511%Cash Flow$54

Investment Breakdown

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Purchase Price

$250k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,500

Downpayment

20%

$50,000

Closing costs

1%

$2,500

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,409

Total Expenses

$2,355

Mortgage P&I

53%

$1,271

Property Taxes

7%

$178

Home Insurance

4%

$88

HOA

0%

$0

Property Management

12%

$289

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$265

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