REI Lense

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$2,877 (target)

8233 Willis Ln, Watauga, TX 76148

3 beds • 2 baths • 1461 sqft

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This property looks like a bad Mid-Term investment with a projected -1.43% first-year return on $79,593 initial cash invested.

-1.43%

Cash On Cash

6.18%

Cap Rate

1.01

DSCR

$2,877

Rent

-$95

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,877 income − $2,972 expenses = $95 out of pocket

Income$2,877Out of Pocket$95Mortgage P&I$1,49152%Property Taxes$39914%Insurance$1054%Management$34512%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31611%

Investment Breakdown

|

Purchase Price

$293k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,593

Downpayment

20%

$58,660

Closing costs

1%

$2,933

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,877

Total Expenses

$2,972

Mortgage P&I

52%

$1,491

Property Taxes

14%

$399

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$345

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$316

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