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3314 Sherwood Ln, Wichita Falls, TX 76308

3 beds • 2 baths • 1488 sqft

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This property looks like a bad Long-Term investment with a projected -5.21% first-year return on $39,375 initial cash invested.

-5.21%

Cash On Cash

5.61%

Cap Rate

0.9

DSCR

$1,540

Rent

-$171

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$188k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,375

Downpayment

20%

$37,500

Closing costs

1%

$1,875

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,540

Total Expenses

$1,711

Mortgage P&I

63%

$970

Property Taxes

18%

$275

Home Insurance

4%

$66

HOA

0%

$0

Property Management

10%

$154

CapEx

5%

$77

Vacancy

6%

$92

Maintenance

5%

$77

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

3216 Milby Ave, Wichita Falls, TX 76308

$1,800

3

2

1508

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3912 Gayle Ave, Wichita Falls, TX 76308

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3

2

1470

0.6 mi

2418 Hampstead Ln, Wichita Falls, TX 76308

$2,200

3

2

1530

0.4 mi

3314 Sherwood Ln, Wichita Falls, TX 76308

$1,500

3

2

1400

0 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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