REI Lense

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$1,918 (target)

8233 Willis Ln, Watauga, TX 76148

3 beds • 2 baths • 1461 sqft

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This property looks like a bad Long-Term investment with a projected -11.22% first-year return on $61,593 initial cash invested.

-11.22%

Cash On Cash

4.14%

Cap Rate

0.68

DSCR

$1,918

Rent

-$576

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,918 income − $2,494 expenses = $576 out of pocket

Income$1,918Out of Pocket$576Mortgage P&I$1,49178%Property Taxes$39921%Insurance$1055%Management$19210%CapEx$965%Vacancy$1156%Maintenance$965%

Investment Breakdown

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Purchase Price

$293k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,593

Downpayment

20%

$58,660

Closing costs

1%

$2,933

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,918

Total Expenses

$2,494

Mortgage P&I

78%

$1,491

Property Taxes

21%

$399

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$192

CapEx

5%

$96

Vacancy

6%

$115

Maintenance

5%

$96

Other

0%

$0

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