REI Lense

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$2,282 (target)

6809 Norris Cir, Weatherford, TX 76087

3 beds • 2 baths • 2011 sqft

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This property looks like a bad Long-Term investment with a projected -22.58% first-year return on $111k initial cash invested.

-22.58%

Cash On Cash

2.18%

Cap Rate

0.33

DSCR

$2,282

Rent

-$2,094

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,282 income − $4,376 expenses = $2,094 out of pocket

Income$2,282Out of Pocket$2,094Mortgage P&I$2,941129%Property Taxes$65629%Insurance$1868%Management$22810%CapEx$1145%Vacancy$1376%Maintenance$1145%

Investment Breakdown

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Purchase Price

$530k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$106k

Closing costs

1%

$5,299

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,282

Total Expenses

$4,376

Mortgage P&I

129%

$2,941

Property Taxes

29%

$656

Home Insurance

8%

$186

HOA

0%

$0

Property Management

10%

$228

CapEx

5%

$114

Vacancy

6%

$137

Maintenance

5%

$114

Other

0%

$0

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