REI Lense

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$3,140 (target)

5203 Deer Creek Rd, Wichita Falls, TX 76302

3 beds • 2 baths • 1729 sqft

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This property might be a fair Mid-Term investment with a projected 4.83% first-year return on $71,109 initial cash invested.

4.83%

Cash On Cash

8.14%

Cap Rate

1.32

DSCR

$3,140

Rent

$286

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,140 income − $2,854 expenses = $286 cash flow

Income$3,140Mortgage P&I$1,30442%Property Taxes$38912%Insurance$933%Management$37712%CapEx$1264%Vacancy$943%Maintenance$1264%Other$34511%Cash Flow$286

Investment Breakdown

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Purchase Price

$253k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,109

Downpayment

20%

$50,580

Closing costs

1%

$2,529

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,140

Total Expenses

$2,854

Mortgage P&I

42%

$1,304

Property Taxes

12%

$389

Home Insurance

3%

$93

HOA

0%

$0

Property Management

12%

$377

CapEx

4%

$126

Vacancy

3%

$94

Maintenance

4%

$126

Other

11%

$345

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