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$2,889 (target)

2800 Simkins Ln, Amarillo, TX 79118

3 beds • 2 baths • 1378 sqft

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This property might be a fair Mid-Term investment with a projected 5.37% first-year return on $68,988 initial cash invested.

5.37%

Cash On Cash

8.37%

Cap Rate

1.33

DSCR

$2,889

Rent

$309

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,889 income − $2,580 expenses = $309 cash flow

Income$2,889Mortgage P&I$1,26944%Property Taxes$2418%Insurance$863%Management$34712%CapEx$1164%Vacancy$873%Maintenance$1164%Other$31811%Cash Flow$309

Investment Breakdown

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Purchase Price

$243k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,988

Downpayment

20%

$48,560

Closing costs

1%

$2,428

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,889

Total Expenses

$2,580

Mortgage P&I

44%

$1,269

Property Taxes

8%

$241

Home Insurance

3%

$86

HOA

0%

$0

Property Management

12%

$347

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$318

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