REI Lense

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$2,406 (target)

413 Shore Line Dr, Wichita Falls, TX 76308

3 beds • 2 baths • 1710 sqft

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This property looks like a bad Mid-Term investment with a projected -9.7% first-year return on $94,650 initial cash invested.

-9.7%

Cash On Cash

3.79%

Cap Rate

0.63

DSCR

$2,406

Rent

-$765

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,406 income − $3,171 expenses = $765 out of pocket

Income$2,406Out of Pocket$765Mortgage P&I$1,82376%Property Taxes$40217%Insurance$1285%Management$28912%CapEx$964%Vacancy$723%Maintenance$964%Other$26511%

Investment Breakdown

|

Purchase Price

$365k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,650

Downpayment

20%

$73,000

Closing costs

1%

$3,650

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,406

Total Expenses

$3,171

Mortgage P&I

76%

$1,823

Property Taxes

17%

$402

Home Insurance

5%

$128

HOA

0%

$0

Property Management

12%

$289

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$265

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