REI Lense

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$2,216 (target)

909 S Milam St, Amarillo, TX 79102

3 beds • 2 baths • 0 sqft

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This property might be a fair Mid-Term investment with a projected 6.29% first-year return on $52,629 initial cash invested.

6.29%

Cash On Cash

8.91%

Cap Rate

1.42

DSCR

$2,216

Rent

$276

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,216 income − $1,940 expenses = $276 cash flow

Income$2,216Mortgage P&I$86039%Property Taxes$26812%Insurance$583%Management$26612%CapEx$894%Vacancy$663%Maintenance$894%Other$24411%Cash Flow$276

Investment Breakdown

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Purchase Price

$165k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,629

Downpayment

20%

$32,980

Closing costs

1%

$1,649

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,216

Total Expenses

$1,940

Mortgage P&I

39%

$860

Property Taxes

12%

$268

Home Insurance

3%

$58

HOA

0%

$0

Property Management

12%

$266

CapEx

4%

$89

Vacancy

3%

$66

Maintenance

4%

$89

Other

11%

$244

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