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$3,008 (target)

4511 Melody Ln, Wichita Falls, TX 76302

3 beds • 2 baths • 1608 sqft

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This property could be a profitable Mid-Term investment with a projected 10.83% first-year return on $60,630 initial cash invested.

10.83%

Cash On Cash

10.3%

Cap Rate

1.62

DSCR

$3,008

Rent

$547

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,008 income − $2,461 expenses = $547 cash flow

Income$3,008Mortgage P&I$1,07636%Property Taxes$29310%Insurance$702%Management$36112%CapEx$1204%Vacancy$903%Maintenance$1204%Other$33111%Cash Flow$547

Investment Breakdown

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Purchase Price

$203k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,630

Downpayment

20%

$40,600

Closing costs

1%

$2,030

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$3,008

Total Expenses

$2,461

Mortgage P&I

36%

$1,076

Property Taxes

10%

$293

Home Insurance

2%

$70

HOA

0%

$0

Property Management

12%

$361

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$331

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