REI Lense

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$2,636 (target)

603 N 4th St, Wills Point, TX 75169

3 beds • 2 baths • 1672 sqft

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This property might be a fair Mid-Term investment with a projected 0.8% first-year return on $70,500 initial cash invested.

0.8%

Cash On Cash

6.96%

Cap Rate

1.12

DSCR

$2,636

Rent

$47

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,636 income − $2,589 expenses = $47 cash flow

Income$2,636Mortgage P&I$1,29949%Property Taxes$30712%Insurance$883%Management$31612%CapEx$1054%Vacancy$793%Maintenance$1054%Other$29011%Cash Flow$47

Investment Breakdown

|

Purchase Price

$250k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,500

Downpayment

20%

$50,000

Closing costs

1%

$2,500

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,636

Total Expenses

$2,589

Mortgage P&I

49%

$1,299

Property Taxes

12%

$307

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$316

CapEx

4%

$105

Vacancy

3%

$79

Maintenance

4%

$105

Other

11%

$290

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