REI Lense

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$1,604 (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 Long-Term investment with a projected -18.24% first-year return on $76,650 initial cash invested.

-18.24%

Cash On Cash

2.43%

Cap Rate

0.4

DSCR

$1,604

Rent

-$1,165

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,604 income − $2,769 expenses = $1,165 out of pocket

Income$1,604Out of Pocket$1,165Mortgage P&I$1,823114%Property Taxes$40225%Insurance$1288%Management$16010%CapEx$805%Vacancy$966%Maintenance$805%

Investment Breakdown

|

Purchase Price

$365k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,650

Downpayment

20%

$73,000

Closing costs

1%

$3,650

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,604

Total Expenses

$2,769

Mortgage P&I

114%

$1,823

Property Taxes

25%

$402

Home Insurance

8%

$128

HOA

0%

$0

Property Management

10%

$160

CapEx

5%

$80

Vacancy

6%

$96

Maintenance

5%

$80

Other

0%

$0

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